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Defalcation

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Noun

defalcation

Definition: the sum of money that is misappropriated

embezzlement peculation defalcation misapplication misappropriation

Definition: the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else

Definition: The act of cancelling part of a claim by deducting a smaller claim which the claimant owes to the defendant.

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