| 词汇 | defalcation |
| 释义 | `1`defalcation `2` "DUHAIME'S ONLINE LEGAL DICTIONARY" 1. Defaulting on a debt or other obligation such to account for public or trust funds. Usually used in the context of public officials. 2. Defalcation has another legal meaning referring to the setting-off of two debts owed between two people by the agreement to a new amount representing the balance. I owe you $7 and you owe me $3; we agree to "defalk"; the result is that I owe you $4. This is a type of novation. |
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