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
But the government school monopolists and Democrats want you to believe that protecting waste, incompetence and defalcation is for the children!
The terms defalcation, misappropriation, and other fiscal irregularities refer to, but are not limited to:
The amount of the defalcation is variously estimated at from two and a half to five millions, involving in losses several bankers and brokers.
Yesterday's term was defalcation, which is defined as:
Management believes the defalcation will be a covered loss, less the deductible.
His lifelong political enemy called him "the great incendiary" and a "master of the puppets", deplored his "obstinacy and inflexible disposition", and also accused him of "defalcation" a quaint expression for embezzlement.
Does this litany of theft, fraud, and deliberate defalcation constitute aberrant behavior?
‘Having counted our funds, and reduced to order a great mass of unintentional confusion in the first place, and of wilful confusion and falsification in the second, we take it to be clear that Mr. Wickfield might now wind up his business, and his agency – trust, and exhibit no deficiency or defalcation whatever.’
The defalcation was engineered by former Festival treasurer Angie Jeffries, who apparently had diverted about $18,000; she entered a guilty plea in September.
Judging from the endless stream of audits from Laura Chick -- which apparently missed the defalcation in this article -- the answer is "no."