Shortcoming - Law Dictionary Search Results
Home Dictionary Name: shortcomingdefalcation
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"] ...
Deficiency
The state of being deficient inadequacy want failure imperfection shortcoming defect...
Shortcoming
The act of falling or coming short...
Deficiency
Deficiency, means any fault, imperfection, shortcoming or inadequacy in the quality, nature and manner of performance which is required to be maintained by or under any law for the tie being in force or has been undertaken to be performed by a person in pursuance of a contract or otherwise in relation to any service. [Consumer Protection Act, 1986 (68 of 1986), s. 2 (1) (g)]That part of debt secured by mortgage not realised from sale of mortgaged property. A judgment or decree for the amount of such deficiency is called 'a deficiency judgment' or decree (stroud)...
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