defalcationnoun [ U ]
uk/ˌdiːfælˈkeɪʃən/usLAW the taking or illegal use of money by someone who has responsibility for it, such as a company or government official:
Our office represents title insurance agents and others accused of defalcation and fraud.
See also
embezzlement
defalcate
verb [ T ]
They were not successful in their search for the defalcated cash.
defalcator
noun [ C ]