from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The act of cancelling part of a claim by deducting a smaller claim which the claimant owes to the defendant.
- n. embezzlement
from the GNU version of the Collaborative International Dictionary of English
- n. A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.
- n. That which is lopped off, diminished, or abated.
- n. An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.
from The Century Dictionary and Cyclopedia
- n. The act of cutting off or deducting a part; abatement; curtailment; specifically, in law, the reduction of a claim or demand on contract by the amount of a counter-claim.
- n. That which is cut off; deficit.
- n. A deficiency through breach of trust by one who has the management or charge of funds belonging to others; a fraudulent deficiency in money matters.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the sum of money that is misappropriated
- n. the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else
Late 15th century, from Medieval Latin dēfalcātiōnem, accusative singular of dēfalcātiō (literally "cutting off, lopping off with a sickle"), nominalization of dēfalcō, from Latin dē ("off") + falx ("sickle, scythe, pruning hook"), from which also English falcate ("sickle-shaped"). (Wiktionary)