v. t. [ imp. & p. p. Defalcated; p. pr. & vb. n. Defalcating. ] [ LL. defalcatus, p. p. of defalcare to deduct, orig., to cut off with a sickle; L. de- + falx, falcis, a sickle. See Falchion. ] To cut off; to take away or deduct a part of; -- used chiefly of money, accounts, rents, income, etc. [ 1913 Webster ]
To show what may be practicably and safely defalcated from them [ the estimates ]. Burke. [ 1913 Webster ]
(v) appropriate (as property entrusted to one's care) fraudulently to one's own use, Syn. peculate, misappropriate, defalcate, malversate, Example:The accountant embezzled thousands of dollars while working for the wealthy family