Defalcation1. (n.) A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.
2. (n.) That which is lopped off, diminished, or abated.
3. (n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.
Thesaurus Entries
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