Defalcation - Law Dictionary Search Results
Home Dictionary Name: defalcationdefalcate
defalcate -cat·ed -cat·ing : to commit defalcation compare embezzle de·fal·ca·tor [-kā-tər] n ...
defalcation
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"] ...
embezzle
embezzle em·bez·zled em·bez·zling [Anglo-French embeseiller to make away with, from en-, prefix stressing completion + beseller to snatch, misappropriate, from 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
nondischargeable debt A debt that cannot be eliminated in bankruptcy. Examples include a home mortgage, debts for alimony or child support, certain taxes, debts for most government funded or guaranteed educational loans or benefit overpayments, debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, and debts for restitution or a criminal fine included in a sentence on the debtor's conviction of a crime. 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 in a nondischargeability action. Source: Administrative Office of the U.S. Courts ...
Defalcate
To cut off to take away or deduct a part of used chiefly of money accounts rents income etc...
Defalcation
A lopping off a diminution abatement deficit Specifically Reduction of a claim by deducting a counterclaim set off...
Defalcator
A defaulter or embezzler...
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