IPA: /dɪˈfælkeɪtə/
KK: /dɪˈfælkeɪtər/
A person who misappropriates funds or property, often in a financial context.
The company took legal action against the defalcator who had stolen money from the accounts.
Defalcator is formed from "de-" (meaning down or away) and "falcāre" (meaning to reap or cut). The term originally referred to someone who cuts down or reduces funds, particularly in a financial context, hence a defalcator is someone who misappropriates or embezzles funds.
Think of someone 'cutting down' ('falcāre') funds 'away' ('de-') — that's why a defalcator is someone who misuses or steals money.