Liberal Dictionary English Dictionary
noun Law.
- misappropriation of money or funds held by an official, trustee, or other fiduciary.
- the sum misappropriated.
mid-15c., from Medieval Latin defalcationem (nominative defalcatio), noun of action from past participle stem of defalcare, from de- + Latin falx, falcem “sickle, scythe, pruning hook.”
What is DEFALCATION? What does DEFALCATION mean? DEFALCATION meaning
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