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| de·fal·cate [ di fál kàyt, di fáwl kàyt, déff'l kàyt ] (past and past participle de·fal·cat·ed, present participle de·fal·cat·ing, 3rd person present singular de·fal·cates) |
transitive verb |
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| Definition: |
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embezzle assets: to misuse something, especially money or property, that belongs to somebody else and is held in trust
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| [Mid-16th century. < medieval Latin defalcat-, past participle of defalcare "deduct" < Latin falx "scythe"] |
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