verb
- embezzled or misappropriated funds entrusted to one’s care
Usage: formal; legal
Examples
- The treasurer defalcated thousands of dollars from the charity’s accounts.
- After years of investigation, they discovered he had defalcated company funds.
- The bank officer was arrested for having defalcated customer deposits.
- She defalcated money from the trust fund over several years.
- The audit revealed that the accountant had defalcated significant amounts.
- He was charged with having defalcated public funds during his tenure.