Defalcation
Legal definition for Indian law research
Definition
defalcation
[earlier, deduction, lessening, shortcoming, from Medieval Latin defalcatio discounting of debt, from defalcare to cut down, deduct, from Latin de- away from + falc-, falx sickle]
1 : failure to account for or pay over money that has been entrusted to one's care
;also
: an instance of such failure compare embezzle, misappropriate NOTE: Defalcation does not necessarily involve culpability or misconduct.
2 : a failure to meet a promise or expectation [the school committee's s did not end with its refusal to submit a desegregation plan "S. L. Lynch"]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.