Defalcation: Difference between revisions

Latest revision as of 19:21, 31 May 2024

n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.

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	n.) ~~A lopping off; a diminution; abatement; deficit~~. ~~Specifically: Reduction of a claim~~ by ~~deducting a counterclaim~~; ~~set- off~~.		n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.