de·fal·ca·tion /ˌdē-ˌfal-'kā-shən, -ˌfȯl-, di-; ˌde-fəl-'kā-shən/ n [earlier, deduction, lessening, shortcoming, from Medieval Latin defalcatio discounting of debt, from defalcare to cut down, deduct, from Latin de - away from + falc -, falx sickle]
1: failure to account for or pay over money that has been entrusted to one's care; also: an instance of such failure compare embezzle, misappropriate
◇ Defalcation does not necessarily involve culpability or misconduct.
2: a failure to meet a promise or expectation
the school committee's defalcation s did not end with its refusal to submit a desegregation plan — S. L. Lynch

Merriam-Webster’s Dictionary of Law. . 1996.

index bad faith, embezzlement, misappropriation

Burton's Legal Thesaurus. . 2006

The failure to turn over or account for funds entrusted to one's care. Defalcation may be, but is not necessarily, criminal or fraudulent.
Category: Business, LLCs & Corporations
Category: Small Claims Court & Lawsuits
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

n. The theft or misuse of funds, generally refers to improper use of money by government official or private trustee.

Webster's New World Law Dictionary. . 2000.

The misappropriation or embezzlement of money.

Dictionary from West's Encyclopedia of American Law. 2005.

The misappropriation or embezzlement of money.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

   from Latin for "deduction," withholding or misappropriating funds held for another, particularly by a public official, or failing to make a proper accounting.

Law dictionary. . 2013.

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Look at other dictionaries:

  • défalcation — [ defalkasjɔ̃ ] n. f. • 1307; lat. médiév. defalcatio, de defalcare ♦ Action de défalquer. ⇒ décompte, déduction. Défalcation faite des frais, il vous reste tant. ● défalcation nom féminin (latin médiéval defalcatio, onis) Action de défalquer ;… …   Encyclopédie Universelle

  • defalcation — de‧fal‧ca‧tion [ˌdiːfælˈkeɪʆn ǁ ˌdɪːfælˈkeɪʆn, ˌdefl ] noun [uncountable] LAW when someone who has been trusted to take care of money steals it or uses it dishonestly * * * defalcation UK US /ˌdiːfælˈkeɪʃən/ noun [U] ► LAW the taking or… …   Financial and business terms

  • défalcation — DÉFALCATION. s. f. Déduction, retranchement. Sur le produit de cette terre, il faut faire la défalcation des faux frais …   Dictionnaire de l'Académie Française 1798

  • Defalcation — De fal*ca tion, n. [LL. defalcatio: cf. F. d[ e]falcation.] 1. A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set off. Abbott. [1913 Webster] 2. That which is lopped off,… …   The Collaborative International Dictionary of English

  • Defalcation — Defalcation, lat., Abschneiden, Abziehen, Verkürzen; Verb: defalciren …   Herders Conversations-Lexikon

  • defalcation — mid 15c., from M.L. defalcationem (nom. defalcatio), from pp. stem of defalcare, from DE (Cf. de ) + L. falx, falcem sickle, scythe, pruning hook …   Etymology dictionary

  • defalcation — [dē΄fal kā′shən, dē΄fôlkā′shən] n. [ML defalcatio: see DEFALCATE] 1. embezzlement 2. the amount embezzled …   English World dictionary

  • Defalcation — A defalcation is an amount of funds misappropriated by a person trusted with its charge; also, the act of misappropriation, or an instance thereof. The term is more specifically used by the United States Bankruptcy Code to describe a category of… …   Wikipedia

  • defalcation — Including embezzlement and misappropriation but a broader term than either. Re Butts (DC NY) 120 F 966, 970. As used in the provision of the bankruptcy act excepting debts created by defalcation from the effect of a discharge, defalcation was… …   Ballentine's law dictionary

  • Defalcation — 1. Combining two or more debts to create one total debt. Defalcation can be legally carried out upon request or in death of one of the parties. 2. Theft or misuse of funds which were under the control of the defalcator but not owned by them.… …   Investment dictionary

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