English definition of Defalcation

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Definition of defalcation

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Defalcation (n.) That which is lopped off, diminished, or abated..

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Defalcate :: Defalcate (v. i.) To commit defalcation; to embezzle money held in trust.

Defalcation :: Defalcation (n.) That which is lopped off, diminished, or abated..

Defalcation :: Defalcation (n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement..

Defalcation :: Defalcation (n.) A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.