defalcation
- The act of not accounting for or paying money that has been entrusted to a person
- The failure to fulfill a responsibility or a promise given
- The finance manager was accused of defalcation after an audit revealed missing funds.
- His defalcation of the company's earnings led to a serious legal case.
- Defalcation charges can have severe consequences, including loss of professional standing and potential incarceration.
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