defalcation

[ dee-fal-key-shuhn, -fawl- ]
/ ˌdi fælˈkeɪ ʃən, -fɔl- /

noun Law.

misappropriation of money or funds held by an official, trustee, or other fiduciary.
the sum misappropriated.

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Origin of defalcation

1425–75; late Middle English: deduction from wages (<Middle French ) <Medieval Latin dēfalcātiōn- (stem of dēfalcātiō) a taking away, equivalent to dēfalcāt(us) (see defalcate) + -iōn--ion

OTHER WORDS FROM defalcation

non·de·fal·ca·tion, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

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