Defalcate - Law Dictionary Search Results
defalcation
defalcation [earlier, deduction, lessening, shortcoming, from Medieval Latin defalcatio discounting of debt, from defalcare to cut down, deduct, from
defalcate
Matched in: Term defalcate
Defalcate
Matched in: Term Defalcate
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Defalcation
A lopping off a diminution abatement deficit Specifically Reduction of a claim by deducting a counterclaim set off
Defalcator
A defaulter or embezzler
embezzle
Old French, to destroy] : to convert (property entrusted to one's care) fraudulently to one's own use compare defalcate em·bez·zle·ment n em·bez·zler n
nondischargeable debt
Some debts, such as debts for money or property obtained by false pretenses and debts for fraud or defalcation while acting in a fiduciary capacity may be declared nondischargeable only if a creditor timely files and prevails
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