defalcation

defalcation Definition

de·fal·ca·tion (dē′fal kā′s̸hən, -fôl-)

noun

Etymology: ML defalcatio: see defalcate

defalcation Law Definition

The theft or misuse of funds, generally refers to improper use of money by government official or private trustee.

defalcation Usage Examples

Adjective modifier

considerable: It was a libel case between two very eminent and powerful financiers, against both of whom charges of considerable defalcation were brought.

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