defalcate

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de·fal·cate / diˈfalkāt; -ˈfôl-/ • v. [tr.] formal embezzle (funds with which one has been entrusted): charged with defalcating government money. DERIVATIVES: de·fal·ca·tion / ˌdēfalˈkāshən; -fôl-/ n. de·fal·ca·tor / -kātər/ n.

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defalcate †lop off, retrench, deduct XV; commit defalcation XIX. f. pp. stem of medL. dēfalcāre, f. DE- 2 + L. falx, falc- sickle, scythe; see -ATE 3.
So defalcation †diminution, reduction XV; fraudulent monetary deficiency XVIII. — medL.

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