\De*fal"cate\, v. t. [imp. & p. p. {Defalcated}; p.
pr. & vb. n. {Defalcating}.] [LL. defalcatus, p. p. of
defalcare to deduct, orig., to cut off with a sickle; L. de-
+ falx, falcis, a sickle. See {Falchion}.]
To cut off; to take away or deduct a part of; -- used chiefly
of money, accounts, rents, income, etc.
      To show what may be practicably and safely defalcated
      from them [the estimates].               --Burke.

\De*fal"cate\, v. i.
To commit defalcation; to embezzle money held in trust.
``Some partner defalcating, or the like.'' --Carlyle.