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defalcation

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defalcation

Main Entry:: de·fal·ca·tion
Pronunciation:: \ˌdē-ˌfal-ˈkā-shən, ˌdē-ˌfȯl-, di-; ˌde-fəl-\
Function:: noun
Date:: 15th century

1archaic : deduction2: the act or an instance of embezzling3: a failure to meet a promise or an expectation

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