defalcate

defalcate is defined in Webster's Unabridged Dictionary (1913) with 2 senses. The full text of each entry is reproduced verbatim below.

Definitions

  1. 1.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 the [the estimates]. Burke.
  2. 2.To commit defalcation; to embezzle money held in trust. "Some partner defalcating, or the like." Carlyle.

Source: Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).

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