Associations to the word «Defalcation»

Wiktionary

DEFALCATION, noun. (legal) The act of cancelling part of a claim by deducting a smaller claim which the claimant owes to the defendant.
DEFALCATION, noun. Embezzlement

Dictionary definition

DEFALCATION, noun. The sum of money that is misappropriated.
DEFALCATION, noun. The fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else.

Wise words

He who speaks without modesty will find it difficult to make his words good.
Confucius