Part of Speech

Noun

Pronunciation

/ˌdɛfælˈkeɪʃən/

Definitions

• 1. The act of embezzling or misappropriating funds, particularly by a public official or someone in a fiduciary role.
• 2. A legal term used to describe a breach of trust in handling financial matters.

Usage Examples

• "The accountant was caught in a defalcation scheme, stealing from the company funds over several years."
• "Defalcation of public money is a serious crime with severe legal consequences."

Etymology

From Latin "defalcatus," past participle of "defalcāre," meaning "to cut off or deduct." The term evolved to refer to the illegal act of taking or misappropriating funds or property.

Synonyms

• Embezzlement
• Misappropriation
• Theft
• Fraud
• Looting

Antonyms

• Return
• Reimbursement
• Refund
• Restoration
• Repayment

Translations

Regional Pronunciation Variations

The word "defalcation" is generally pronounced the same way in most English dialects, though in some regions, speakers may emphasize different syllables, making it sound slightly more formal or technical in legal contexts.

Historical Usage

Used primarily in financial and legal contexts, the term "defalcation" has been employed since the 17th century to describe the illegal or unethical misappropriation of funds. It gained prominence in legal circles during the 19th century as a term for fraud or financial misconduct in public office.

Cultural Nuances

Defalcation is seen as a serious offense in many cultures, especially when it involves public funds or financial fiduciary responsibility. It carries significant social and legal consequences, as it undermines public trust in institutions and organizations.

More Information

Defalcation is a term used mostly in legal and financial contexts to refer to the theft or misappropriation of funds by a person in a position of trust. It is considered a form of fraud and is subject to both criminal and civil penalties, depending on the jurisdiction. In many cultures, the act of defalcation is considered a grave moral breach, especially when it involves money that was entrusted for public or communal good.