verb
- to steal or misuse money that has been entrusted to one’s care
Usage: formal; legal
Examples
- The treasurer was accused of defalcating funds from the charity.
- He defalcated thousands of dollars from his employer’s accounts.
- The investigation revealed that she had defalcated money over several years.
- Bank employees who defalcate face serious criminal charges.
- The audit discovered that someone had defalcated from the pension fund.
- Corporate officers have a duty not to defalcate company assets.