to steal or misuse money or property entrusted to one's care
The stockbroker defalcated millions from investment clients.
c 1540, from Latin defalcere, from de- + falx/falcem "sickle, scythe"
Enjoy learning new ways to say it, especially ones that sound like they have something to do with a B.M.,
Bp
(via Dictionary.com's emailed word of the day list)
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