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defalcation

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defalcation


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Defalcation  \De`fal*ca"tion\,  n.  [LL.  defalcatio:  cf  F. 
  d['e]falcation.] 
  1.  A  lopping  off  a  diminution;  abatement;  deficit. 
  Specifically:  Reduction  of  a  claim  by  deducting  a 
  counterclaim;  set-  off  --Abbott. 
 
  2.  That  which  is  lopped  off  diminished,  or  abated. 
 
  3.  An  abstraction  of  money,  etc.,  by  an  officer  or  agent 
  having  it  in  trust;  an  embezzlement. 
 
  From  WordNet  r  1.6  [wn]: 
 
  defalcation 
  n  :  the  fraudulent  appropriation  of  funds  or  property  entrusted 
  to  your  care  but  actually  owned  by  someone  else  [syn:  {embezzlement}, 
  {peculation},  {misapplication},  {misappropriation}] 




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