1. plural of defalcation; instances of embezzlement or misappropriation of funds by a person in a position of trust
Usage: formal; legal/financial context
2. plural of defalcation; amounts of money that have been embezzled or wrongfully taken
Usage: formal; accounting/legal context

Examples

• The auditor discovered multiple defalcations in the company's accounts over several years.
• The treasurer was arrested for defalcations totaling over $500,000.
• Defalcations by trusted employees can devastate a small business.
• The investigation revealed systematic defalcations that had gone undetected for months.
• Insurance policies often cover defalcations committed by bonded employees.
• The board demanded a full accounting of all defalcations and their perpetrators.