defalcation (n.)

  1. the sum of money that is misappropriated

  2. the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else

    [ Syn: embezzlement , peculation , misapplication , misappropriation ]

The dictionary is based on the WordNet Electronic Lexical Database.
WordNet 3.0 Copyright 2011 by Princeton University. All rights reserved.