Defalcation - Wikipedia In financial and legal usage, defalcation may involve misappropriation of funds by a person trusted with their charge; also, the act of misappropriation, or an instance thereof A common example of defalcation would be skimming
Defalcation: What it Means, How it Works, Types - Investopedia The term defalcation primarily refers to an act committed by professionals who are in charge of handling money or other resources This typically entails the theft, misuse, or misappropriation of
DEFALCATION Definition Meaning | Dictionary. com Defalcation definition: misappropriation of money or funds held by an official, trustee, or other fiduciary See examples of DEFALCATION used in a sentence
Defalcation legal definition of Defalcation Defalcation The misappropriation or Embezzlement of money Defalcation implies that funds have in some way been mishandled, particularly where an officer or agent has breached his or her fiduciary duty
defalcation The act of embezzling or misappropriating funds, particularly by a person in a position of trust The term 'defalcation' originates from the Latin word 'defalcare', which means 'to cut off' This reflects the act of cutting off or misusing funds that one is supposed to manage responsibly
Defalcation – Explained - Law for Georgia Defalcation is commonly used by the United States Bankruptcy Code to describe theft, misappropriation and mismanagement of funds carried out by a high-ranking public official with whom the fund is entrusted