defalcation de‧fal‧ca‧tion [ˌdiːfælˈkeɪʆn ǁ ˌdɪːfælˈkeɪʆn, ˌdefl-] noun [uncountable]
LAW when someone who has been trusted to take care of money steals it or uses it dishonestly

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defalcation UK US /ˌdiːfælˈkeɪʃən/ noun [U]
LAW the taking or illegal use of money by someone who has responsibility for it, such as a company or government official: »

Our office represents title insurance agents and others accused of defalcation and fraud.

See also EMBEZZLEMENT(Cf. ↑embezzlement)
defalcate verb [T]

They were not successful in their search for the defalcated cash.

defalcator noun [C]

Financial and business terms. 2012.

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Look at other dictionaries:

  • défalcation — [ defalkasjɔ̃ ] n. f. • 1307; lat. médiév. defalcatio, de defalcare ♦ Action de défalquer. ⇒ décompte, déduction. Défalcation faite des frais, il vous reste tant. ● défalcation nom féminin (latin médiéval defalcatio, onis) Action de défalquer ;… …   Encyclopédie Universelle

  • defalcation — de·fal·ca·tion /ˌdē ˌfal kā shən, ˌfȯl , di ; ˌde fəl kā shən/ n [earlier, deduction, lessening, shortcoming, from Medieval Latin defalcatio discounting of debt, from defalcare to cut down, deduct, from Latin de away from + falc , falx sickle] 1 …   Law dictionary

  • défalcation — DÉFALCATION. s. f. Déduction, retranchement. Sur le produit de cette terre, il faut faire la défalcation des faux frais …   Dictionnaire de l'Académie Française 1798

  • 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. [1913 Webster] 2. That which is lopped off,… …   The Collaborative International Dictionary of English

  • Defalcation — Defalcation, lat., Abschneiden, Abziehen, Verkürzen; Verb: defalciren …   Herders Conversations-Lexikon

  • defalcation — mid 15c., from M.L. defalcationem (nom. defalcatio), from pp. stem of defalcare, from DE (Cf. de ) + L. falx, falcem sickle, scythe, pruning hook …   Etymology dictionary

  • defalcation — [dē΄fal kā′shən, dē΄fôlkā′shən] n. [ML defalcatio: see DEFALCATE] 1. embezzlement 2. the amount embezzled …   English World dictionary

  • Defalcation — A defalcation is an amount of funds misappropriated by a person trusted with its charge; also, the act of misappropriation, or an instance thereof. The term is more specifically used by the United States Bankruptcy Code to describe a category of… …   Wikipedia

  • defalcation — Including embezzlement and misappropriation but a broader term than either. Re Butts (DC NY) 120 F 966, 970. As used in the provision of the bankruptcy act excepting debts created by defalcation from the effect of a discharge, defalcation was… …   Ballentine's law dictionary

  • Defalcation — 1. Combining two or more debts to create one total debt. Defalcation can be legally carried out upon request or in death of one of the parties. 2. Theft or misuse of funds which were under the control of the defalcator but not owned by them.… …   Investment dictionary

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