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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.
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Word Origin and History for defalcations

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
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