Definition, Meaning & Synonyms

defalcate

verb

/dɪˈfæl.keɪt/

Definition

To misuse or embezzle funds, particularly in a fiduciary capacity.

Examples

The accountant was found guilty of defalcating funds from the company’s accounts.
After the audit revealed the defalcation, the bank took immediate action against the employee.
Defalcating assets can lead to severe legal consequences for the perpetrator.

Meaning

Defalcate refers to the act of misappropriating or stealing money that one has been entrusted with, especially by someone in a position of responsibility.