Bible Dictionaries
Defalcation

Webster's Dictionary

(1):

(n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.

(2):

(n.) That which is lopped off, diminished, or abated.

(3):

(n.) A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.

Bibliography Information
Webster, Noah. Entry for 'Defalcation'. Noah Webster's American Dictionary. https://www.studylight.org/​dictionaries/​eng/​web/​d/defalcation.html. 1828.