1. EMBEZZLEMENT.
2. Loosely, the failure to meet an obligation; a nonfraudulent default.
3. Archaic. A deduction; a setoff. — defalcate (di-fal-kayt or dee-), vb. — defalcator, n.
1. EMBEZZLEMENT.
2. Loosely, the failure to meet an obligation; a nonfraudulent default.
3. Archaic. A deduction; a setoff. — defalcate (di-fal-kayt or dee-), vb. — defalcator, n.