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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	v. ~~from Latin for "deduction~~,~~" withholding or misappropriating funds held for another~~, ~~particularly~~ by ~~a public official,~~ or ~~failing to make a proper accounting~~.		n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.