Showing posts with label defalcate. Show all posts
Showing posts with label defalcate. Show all posts

Monday, 14 January 2013

defalcate



defalcate
(v)

(dee-fal-kayt)

"misappropriate"

It is a sad sign of our times that nearly everyday in the media there is a story about someone who has defalcated funds from their clients or investors.