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- to misappropriate funds; to embezzle
- The Nuttall Encyclopedia
De*fal"cate (?), v. t. [imp. &
p. p. Defalcated; p. pr. & vb. n.
Defalcating.] [LL. defalcatus, p. p. of
defalcare to deduct, orig., to cut off with a sickle; L.
de- + falx, falcis, a sickle. See
Falchion.] To cut off; to take away or deduct a part of;
-- used chiefly of money, accounts, rents, income, etc.
To show what may be practicably and safely
defalcated from them [the estimates].
De*fal"cate, v. i. To commit
defalcation; to embezzle money held in trust. "Some partner
defalcating, or the like." Carlyle.
- Webster's Unabridged Dictionary (1913)
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The correct spelling of this word ought to be: Defalcate
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