defalcation in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Defalcation is the act of embezzling or misappropriating funds, typically by someone in a position of trust or responsibility.
Crossword clues for defalcation
Crossword clue ideas and answer hints for the word "defalcation".
- Misappropriation of funds by a trusted individual.
- Theft of money by someone in authority.
- Fraudulent use of entrusted financial resources.
- Embezzlement by a person in a responsible role.
- Wrongful handling of funds by a fiduciary.
Defalcation sentence examples
- The accountant was charged with defalcation after it was discovered that he had embezzled funds from the company.
- In a shocking turn of events, the nonprofit organization faced scandal due to a defalcation committed by its treasurer.
- The annual audit revealed a significant defalcation, prompting an internal investigation into the financial practices of the department.
- Defalcation can undermine public trust in financial institutions, highlighting the need for stringent oversight.
- After the defalcation came to light, the executives were forced to resign in order to restore confidence among investors.