Noun: defalcation ,dee,fal'key-shun
- The fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else
"The accountant's defalcation of company funds went undetected for years";
- embezzlement, peculation, misapplication, misappropriation
- The sum of money that is misappropriated
"The audit revealed a significant defalcation in the company's accounts"
Derived forms: defalcations
Type of: amount, amount of money, larceny, stealing, sum, sum of money, theft, thievery, thieving
Encyclopedia: Defalcation