n. [ LL. defalcatio: cf. F. défalcation. ] 1. A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off. Abbott. [ 1913 Webster ]
2. That which is lopped off, diminished, or abated. [ 1913 Webster ]
3. An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement. [ 1913 Webster ]
n. [ LL. defalcatio: cf. F. défalcation. ] 1. A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off. Abbott. [ 1913 Webster ]
2. That which is lopped off, diminished, or abated. [ 1913 Webster ]
3. An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement. [ 1913 Webster ]
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