defalcate |
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(1) - Defalcate (v. i.) To commit defalcation; to embezzle money held in trust. (2) - Defalcate (v. t.) To cut off; to take away or deduct a part of; -- used chiefly of money, accounts, rents, income, etc. |
defalcation |
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(1) - Defalcation (n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement. (2) - Defalcation (n.) That which is lopped off, diminished, or abated. (3) - Defalcation (n.) A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off. |