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Ending with Defalcation

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Definition of defalcation

  • n. - A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.
  • n. - That which is lopped off, diminished, or abated.
  • n. - An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.

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