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Definition of "defalcation" [de•fal•ca•tion]

  • The act of cancelling part of a claim by deducting a smaller claim which the claimant owes to the defendant. (noun)
  • Embezzlement (noun) : Text is available under the Creative Commons Attribution-ShareAlike License

Use "defalcation" in a sentence
  • "But the government school monopolists and Democrats want you to believe that protecting waste, incompetence and defalcation is for the children!"
  • "The terms defalcation, misappropriation, and other fiscal irregularities refer to, but are not limited to:"
  • "The amount of the defalcation is variously estimated at from two and a half to five millions, involving in losses several bankers and brokers."