Defalcate

v. t.	1.	To cut off; to take away or deduct a part of; - used chiefly of money, accounts, rents, income, etc. [imp. & p. p. Defalcated; p. pr. & vb. n. Defalcating.] To show what may be practicably and safely defalcated from them [the estimates]. - Burke.
v. i.	1.	To commit defalcation; to embezzle money held in trust.

Verb

1.

defalcate - appropriate (as property entrusted to one's care) fraudulently to one's own use; "The accountant embezzled thousands of dollars while working for the wealthy family" Synonyms: embezzle, malversate, misappropriate, peculate

defalcation, defalcator, embezzle, embezzlement, embezzler, fiddle, malversate, misapplication, misappropriate, misappropriation, peculate, peculation, peculator, steal