IPA: //dɪˈfæl.keɪt//
KK: /dɪˈfæl.keɪt/
To misuse or steal money that has been entrusted to someone, often in a financial context.
The accountant was found to have defalcated a large sum of money from the company.
Past: defalcated
Past Participle: defalcated
Defalcate → It is formed from "de-" (meaning down or away) and "falcāre" (meaning to reap or cut). The word describes the act of cutting down or reducing funds, particularly in a financial context.
Think of 'cutting down' ('falcāre') funds 'away' ('de-') — that's why defalcate means to reduce or misappropriate funds.