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defalcationenUK
de·fal·cate D0089200 (dĭ-făl′kāt′, -fôl′-, dĕf′əl-)intr.v. de·fal·cat·ed, de·fal·cat·ing, de·fal·cates To misuse funds; embezzle.
[Medieval Latin dēfalcāre, dēfalcāt-, to mow, deduct : Latin dē-, de- + Latin falx, falc-, sickle.]
de′fal·ca′tion (dē′făl-kā′shən, -fôl-, dĕf′əl-) n.de·fal′ca′tor n.de•fal•ca•tion (ˌdi fælˈkeɪ ʃən, -fɔl-)
n. 1. misappropriation of funds held by a trustee or other fiduciary. 2. the sum misappropriated. [1425–75; deduction from wages < Medieval Latin dēfalcātiō=dēfalcā(re) to mow, cut down, diminish (Latin dē- de- + -falcāre, derivative of falx sickle)] defalcation1. unauthorized appropriation of money; embezzlement.
2. the sum embezzled.See also: CrimeThesaurus| Noun | 1. | defalcation - the sum of money that is misappropriatedamount, amount of money, sum, sum of money - a quantity of money; "he borrowed a large sum"; "the amount he had in cash was insufficient" | | 2. |  defalcation - the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone elseembezzlement, misappropriation, peculation, misapplicationraid - an attempt by speculators to defraud investorsplunderage - the act of plundering (especially the embezzlement of goods on shipboard)larceny, stealing, theft, thievery, thieving - the act of taking something from someone unlawfully; "the thieving is awful at Kennedy International" |
TranslationsDefalcationenUK
Related to Defalcation: False tokenDefalcationThe misappropriation or Embezzlement of money. Defalcation implies that funds have in some way been mishandled, particularly where an officer or agent has breached his or her fiduciary duty. It is commonly applied to public officers who fail to account for money received by them in their official capacity, or to officers of corporations who misappropriate company funds for their own private use. Colloquially, the term is used to mean any type of bad faith, deceit, misconduct, or dishonesty. defalcationv. from Latin for deduction, withholding or misappropriating funds held for another, particularly by a public official, or failing to make a proper accounting. DEFALCATION, practice, contracts. The reduction of the claim of one of the contracting parties against the other, by deducting from it a smaller claim due from the former to the latter.
2. The law operates this reduction, in certain cases, for, if the parties die or are insolvent, the balance between them is the only claim; but if they are solvent and alive, the defendant may or may not defalcate at his choice. See Set off. For the etymology of this word, see Bracken. Law Misc. 186; 1 Rawle's R. 291; 3 Binn. R. 135.
3. Defalcation also signifies the act of a defaulter. The bankrupt act of August 19, 1841, (now repealed), declares that a person who owes debts which have been created in consequence of a defalcation as a public officer, or as executor, administrator, guardian or trustee, or while acting in any other fiduciary capacity, shall not have the benefit of that law. FinancialSeeembezzledefalcationenUK
Related to defalcation: False tokenSynonyms for defalcationnoun the sum of money that is misappropriatedRelated Words- amount
- amount of money
- sum
- sum of money
noun the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone elseSynonyms- embezzlement
- misappropriation
- peculation
- misapplication
Related Words- raid
- plunderage
- larceny
- stealing
- theft
- thievery
- thieving
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