Misappropriated?

Happy Monday!  Today I’m introducing a term that is generally used in a legal sense . . . and while, embezzlement is how people would generally refer to this type of behavior, it only after there has been a large scale defalcation that many companies discover the crime.

defalcation

\ dee-fal-kay-shuh n, -fawl- \, noun;

1.  misappropriation of money or funds held by an official, trustee, or other fiduciary.
2.  the sum misappropriated.
Source: The Highly Selective Dictionary for the Extraordinarily Literate by Eugene Ehrlich.
Advertisements

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: