defalcation
“defalcation (dee-fal-kay-shan), n. 1. EMBEZZLE-MENT. 2. Loosely, the failure to meet an obligation; a nonfraudulent default. 3. Ar-chaic. A deduction; a setoff. – defalcate (di-fal-kayt or dee-), vb. – defalcator, n.”
defalcation: Black’s Law Dictionary Definition:
“defalcation (dee-fal-kay-shan), n. 1. EMBEZZLE-MENT. 2. Loosely, the failure to meet an obligation; a nonfraudulent default. 3. Ar-chaic. A deduction; a setoff. …”
