DEFALCATION
defalcation (dee-fal-kay-sh<<schwa>>n), 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. [Blacks Law 8th]