Defalcate /(?)/

De·fal·cate

Defalcate

v. t.

imp. & p. p. Defalcated; p. pr. & vb. n. Defalcating

  1. To cut off; to take away or deduct a part of; -- used chiefly of money, accounts, rents, income, etc.
    To show what may be practicably and safely defalcated from them [the estimates].

Defalcate

v. i.
  1. To commit defalcation; to embezzle money held in trust.