follow Dictionary.com

Are yams and sweet potatoes the same?

defalcation

[dee-fal-key-shuh n, -fawl-] /ˌdi fælˈkeɪ ʃən, -fɔl-/
noun, Law.
1.
misappropriation of money or funds held by an official, trustee, or other fiduciary.
2.
the sum misappropriated.
Origin
1425-1475
1425-75; late Middle English: deduction from wages (< Middle French) < Medieval Latin dēfalcātiōn- (stem of dēfalcātiō) a taking away, equivalent to dēfalcāt(us) (see defalcate) + -iōn- -ion
Related forms
nondefalcation, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
Examples from the web for defalcation
  • To trigger the defalcation provision in that statute, a debtor must hold funds in a trust for the benefit of a third party.
  • defalcation is a failure to account for funds entrusted to a fiduciary.
Word Origin and History for defalcation
n.

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."

Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source

Word of the Day

Difficulty index for defalcation

Few English speakers likely know this word

Word Value for defalcation

0
20
Scrabble Words With Friends

Nearby words for defalcation