/ˌdifælˈkeɪʃən/ – verb
Definition: 1. biển thủ tiền của người khác, số tiền biển thủ;
2. thanh toán bù trừ.
A more throughout explanation: Defalcation is a legal term that refers to the act of misappropriating or embezzling funds that have been entrusted to one’s care. It involves the wrongful appropriation of money or property by a person who is in a position of trust, such as a fiduciary or a trustee. Defalcation is considered a serious breach of trust and can result in legal consequences, including civil liability and criminal charges.
Example: The company’s accountant was charged with defalcation after it was discovered that he had embezzled funds from the company’s accounts.