defalcation

/ˌdifælˈkeɪʃən/
noun
  1. The act of stealing or misusing money that has been entrusted to one's care, or an instance of such theft.
    • The audit revealed a defalcation that had gone unnoticed for years.
    • The company discovered a major defalcation by its former finance director.
    • He was convicted of defalcation after taking money from the school's sports fund.
What does "defalcation" mean? | whatsthatwordmean | whatsthatwordmean