defalcation
noun[U]
uk/ˌdiːfælˈkeɪʃən/usLAW
the taking orillegaluse ofmoneyby someone who hasresponsibilityfor it, such as acompanyorgovernmentofficial:
Ourofficerepresentstitleinsuranceagentsandothersaccusedof defalcation andfraud.
See also
embezzlement
defalcate
verb[T]
They were notsuccessfulintheirsearchfor the defalcatedcash.
defalcator
noun[C]