defalcation Definition
- 1embezzlement of money or funds entrusted to one's care
- 2failure to account for money or assets
- 3misappropriation of funds
Using defalcation: Examples
Take a moment to familiarize yourself with how "defalcation" can be used in various situations through the following examples!
Example
The treasurer was accused of defalcation of the organization's funds.
Example
The company suffered a huge loss due to the defalcation of its CEO.
Example
The accountant was found guilty of defalcation and was sentenced to prison.
defalcation Synonyms and Antonyms
Synonyms for defalcation
Phrases with defalcation
embezzlement of funds that is considered a criminal offense
Example
The employee was charged with criminal defalcation after he was caught stealing from the company.
civil defalcation
embezzlement of funds that is considered a civil offense
Example
The company sued the former employee for civil defalcation after discovering that he had stolen money from the company.
a type of insurance that protects against losses resulting from an employee's defalcation
Example
The company purchased a defalcation bond to protect itself against losses resulting from employee theft.
Origins of defalcation
from Latin 'defalcare', meaning 'to cut off'
Summary: defalcation in Brief
The term 'defalcation' [dee-fal-key-shuhn] refers to embezzlement or misappropriation of funds or assets entrusted to one's care. It can be considered a criminal or civil offense and is often associated with fraud and corruption. Examples include 'The treasurer was accused of defalcation of the organization's funds.' and 'The accountant was found guilty of defalcation and was sentenced to prison.'