Defalcate - Law Dictionary Search Results

defalcation

defalcation [earlier, deduction, lessening, shortcoming, from Medieval Latin defalcatio discounting of

defalcate -cat·ed -cat·ing : to commit defalcation compare embezzle de·fal·ca·tor [-kā-tər]

entrusted to one's care) fraudulently to one's own use compare defalcate em·bez·zle·ment n em·bez·zler n

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To cut off to take away or deduct a part of used chiefly of money accounts rents income etc

property obtained by false pretenses and debts for fraud or defalcation while acting in a fiduciary capacity may be declared nondischargeable

A lopping off a diminution abatement deficit Specifically Reduction of a claim by deducting a counterclaim set off

A defaulter or embezzler

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