Associations to the word «Defalcation»
Noun
Adverb
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Wiktionary
DEFALCATION, noun. (legal) The act of cancelling part of a claim by deducting a smaller claim which the claimant owes to the defendant.
DEFALCATION, noun. Embezzlement
Dictionary definition
DEFALCATION, noun. The sum of money that is misappropriated.
DEFALCATION, noun. The fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else.
Wise words
A wise man hears one word and understands two.