noun the act of embezzling funds or property entrusted to one's care
Defalcation refers to the misappropriation of funds by a person entrusted with them.
Defalcation can occur in a business setting when an employee or executive engages in fraudulent activities involving company funds.
Defalcation is a term used in legal contexts to describe the misuse or misappropriation of funds.
In accounting, defalcation is the act of embezzling or stealing money that has been entrusted to one's care.
In a legal thriller novel, the protagonist uncovers a case of defalcation within a prestigious law firm.
A psychologist may encounter cases of defalcation when working with clients who have committed financial crimes.
An accountant may be tasked with detecting and preventing defalcation within a company's financial records.
A lawyer may represent a client who has been accused of defalcation in a court of law.
An auditor's job is to investigate and uncover instances of defalcation within an organization's financial statements.