The meaning of DEFALCATION is deduction. How to use defalcation in a sentence. Did you know?

To constitute a defalcation, the conduct involves a degree of culpability that is greater than negligence, but the act does not need to rise to the level of a "fraud" under common law. Defalcation requires showing of conscious behavior or extreme recklessness.

2021年7月14日 · Defalcation is the misuse of funds by a trustee but also refers to a flawed accounting practice of consolidating debt into a single, total debt.

DEFALCATION definition: 1. the act of secretly taking money that is in your care or that belongs to an organization or…. Learn more.

misappropriation of money or funds held by an official, trustee, or other fiduciary. the sum misappropriated. 1425–75; late Middle English: deduction from wages (< Middle French ) < …

2014年12月11日 · Defalcation occurs when an employee of a company mishandles or misappropriates funds with which they have been entrusted. This can occur in many ways, and the act of defalcation is illegal and punishable in a court of law.

DEFALCATION meaning: 1. the act of secretly taking money that is in your care or that belongs to an organization or…. Learn more.

DEFALCATION definition: embezzlement | Meaning, pronunciation, translations and examples

Defalcation refers to someone who has legally required financial duties and misuses or misappropriates funds. Defalcation often can constitute fraud , but defalcation can also be unintentional.

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