Usually means: Misuse or misappropriation of funds.
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We found 35 dictionaries that define the word defalcation:

General (21 matching dictionaries)
  1. defalcation: Merriam-Webster
  2. defalcation: Oxford Learner's Dictionaries
  3. defalcation: Collins English Dictionary
  4. defalcation: Vocabulary.com
  5. defalcation: Wordnik
  6. defalcation: Wiktionary
  7. defalcation: Webster's New World College Dictionary, 4th Ed.
  8. defalcation: Infoplease Dictionary
  9. defalcation: Dictionary.com
  10. defalcation: Online Etymology Dictionary
  11. Defalcation: Wikipedia, the Free Encyclopedia
  12. Defalcation: Online Plain Text English Dictionary
  13. defalcation: Webster's Revised Unabridged, 1913 Edition
  14. defalcation: Rhymezone
  15. defalcation: Grandiloquent Dictionary
  16. Defalcation: AllWords.com Multi-Lingual Dictionary
  17. defalcation: Webster's 1828 Dictionary
  18. defalcation: FreeDictionary.org
  19. defalcation: Mnemonic Dictionary
  20. defalcation: TheFreeDictionary.com
  21. defalcation: Longman Dictionary of Contemporary English

Business (12 matching dictionaries)
  1. defalcation: Merriam-Webster Legal Dictionary
  2. defalcation: Webster's New World Law Dictionary
  3. Duhaime's Canadian law dictionary (No longer online)
  4. defalcation: Law.com Dictionary
  5. Everybody's Legal Dictionary (No longer online)
  6. THE 'LECTRIC LAW LIBRARY'S REFERENCE ROOM (No longer online)
  7. Glossary of Legal Terms (No longer online)
  8. Bouvier's Law Dictionary 1856 Edition (No longer online)
  9. Defalcation: Investopedia
  10. International Law Dictionary (No longer online)
  11. defalcation: Legal dictionary
  12. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. defalcation: Encyclopedia

Miscellaneous (1 matching dictionary)
  1. defalcation: A Word A Day

(Note: See defalcations as well.)

Definitions from Wiktionary (defalcation)

noun:  (law) The act of cancelling part of a claim by deducting a smaller claim which the claimant owes to the defendant.
noun:  Embezzlement.

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