defalcate

/'di:fælkeit/
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defalcate

The accountant was caught after he tried to defalcate funds from the client's account.

Definition
  1. Verb:
    • To misappropriate or embezzle funds or property that have been entrusted to one's care, typically in a position of trust or responsibility.
Usage
  • The verb "defalcate" is a formal term, primarily used in legal, financial, and official contexts to describe the fraudulent appropriation of entrusted assets. It is an intransitive verb, often followed by a prepositional phrase (e.g., "defalcate from the funds").
Examples
  • Verb:
    • The treasurer was found to have defalcated from the club's treasury over several years.
    • An investigation revealed that the trustee had defalcated a significant portion of the estate's assets.
Advanced Usage
  • "to defalcate funds": to embezzle a specific sum of money.
    • The manager was accused of defalcating company funds for personal investments.
  • "defalcating from a trust": specifically embezzling from a legally entrusted account or entity.
    • The lawyer was disbarred for defalcating from a client's trust account.
Variants and Related Words
  • Defalcation (n): The act or an instance of defalcating; embezzlement.
    • The audit uncovered a massive defalcation.
  • Defalcator (n): A person who defalcates; an embezzler.
    • The defalcator fled the country before the trial.
Synonyms
  • Embezzle: To steal or misappropriate (money placed in one's trust or belonging to the organization for which one works).
  • Misappropriate: To dishonestly or unfairly take (something, especially money, belonging to another) for one's own use.
  • Peculate: To embezzle or steal (money, especially public funds).
Antonyms
  • Reimburse: To repay (money spent).
  • Safeguard: To protect from harm or damage.
  • Account for: To give a satisfactory record of (something, typically money) that one is responsible for.
Related Phrases
  • Fiduciary breach: A failure to fulfill the duties of a trustee or fiduciary, which can include defalcation.
    • His actions constituted a serious fiduciary breach, including the defalcation of assets.
  • Financial malfeasance: Wrongdoing or illegal conduct by a public official or corporate officer, often involving defalcation.
    • The scandal was rooted in years of financial malfeasance and defalcation.
defalcate

The accountant was caught after he tried to defalcate funds from the client's account.

Verb
  1. appropriate (as property entrusted to one's care) fraudulently to one's own use
    • The accountant embezzled thousands of dollars while working for the wealthy family

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