Defalcate (/dɪˈfæl.keɪt/) is a verb that means to embezzle or misappropriate funds, often used in legal contexts. The word is spelled with a prefix ‘de-’ which means away or from, and ‘falcate’ which means hook-shaped or curved. The pronunciation of this word is phonetically transcribed as ‘dih-fal-keyt’. This word may not be commonly used in everyday conversations, but is often utilized in legal or financial settings for its specific meaning. Proper spelling of this word is important for clear communication in such settings.
Defalcate is a verb that is mainly used in legal and financial contexts, and it refers to the act of embezzling or misappropriating funds or assets that one is entrusted with. When someone defalcates, they fraudulently divert or misuse money or property that they have been given custody of, typically for their personal gain. This action constitutes a breach of trust or fiduciary duty, as it involves the illegal conversion or misapplication of funds that belong to others.
Defalcation can occur in various settings, such as in business or governmental organizations, where individuals in positions of authority, such as executives, managers, or public officials, have access to funds or assets. The act usually involves intentionally manipulating financial records or transactions to hide the theft and cover up the misappropriation.
The consequences for defalcation can be severe, as it is considered a criminal offense in many jurisdictions. If caught and convicted, the offender may face criminal charges, imprisonment, fines, and may be required to fully restore the misappropriated funds. Additionally, civil penalties may also be imposed as a means of compensating the victims who suffered financial harm.
Defalcate belongs to a specific terminology related to financial crimes, serving as a concise and precise term to describe the fraudulent act of appropriating entrusted resources for personal gain.
To take away; to deduct; to abstract a part, used chiefly of money and accounts.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "defalcate" comes from Latin roots. It can be traced back to the Latin verb "defalcare", which means "to clip off" or "to deduct". This verb is derived from the combination of "de" (meaning "off" or "away") and "falx" (meaning "sickle" or "scythe"). In English, "defalcate" initially appeared in the 17th century, referring to the act of embezzling or misappropriating funds.