defalcate - Meaning in Gujarati
defalcate - Meaning in Gujarati
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Definitions and Meaning of defalcate in English
defalcate verb
- appropriate (as property entrusted to one's care) fraudulently to one's own use
Synonyms
embezzle, malversate, misappropriate, peculate
Example
- "The accountant embezzled thousands of dollars while working for the wealthy family"
Description
In financial and legal usage, defalcation may involve misappropriation of funds by a person trusted with their charge; also, the act of misappropriation, or an instance thereof. The United States Bankruptcy Code uses the term specifically to describe a category of acts that taint a particular debt such that it cannot be discharged in bankruptcy. The United States Supreme Court addressed the issue in 2013, holding that "defalcation" in the context of the U.S. Bankruptcy Code requires proof of "a culpable state of mind… involving knowledge of, or gross recklessness in respect to, the improper nature of the relevant fiduciary behavior."
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What is defalcate meaning in Gujarati?
The word or phrase defalcate refers to appropriate (as property entrusted to one's care) fraudulently to one's own use. See defalcate meaning in Gujarati, defalcate definition, translation and meaning of defalcate in Gujarati. Find defalcate similar words, defalcate synonyms. Learn and practice the pronunciation of defalcate. Find the answer of what is the meaning of defalcate in Gujarati.
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What is defalcate meaning in Gujarati, defalcate translation in Gujarati, defalcate definition, pronunciations and examples of defalcate in Gujarati.