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 Translation for 'defalcation' from English to Icelandic
NOUN   a defalcation | defalcations
SYNO defalcation | embezzlement | misapplication | ...
lögfr.
fjárdráttur {k}
defalcation
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Translation for 'defalcation' from English to Icelandic

defalcation
fjárdráttur {k}lögfr.
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Usage Examples English
  • The formal legal term is defalcation.
  • The Lawyers Insurance Fund is the program established by the Law Society to provide insurance for BC lawyers, and protects the profession and the public from the risks associated with the practice of law by providing high quality professional liability and defalcation insurance.
  • On 15 April 2019, he was also charged in Germany by regional prosecutors of the city of Braunschweig of fraud, of violating laws prohibiting unfair competition as well as defalcation ("Untreue").
  • He was removed from office in 1823 by Sir Edward West after being accused of defalcation (misappropriation of funds) and for many of his later years resided in Edinburgh, as well as Pau in South West France.
  • An unexpected beneficiary of the Baird defalcation was Nicholson, who was promoted to Minister of Foreign Affairs (Canada).

  • Defalcation, for example, applies when a debtor is acting in a fiduciary capacity.
  • He was suspected of the defalcation of $4 million from Greek government funds.
  • After he left office, an audit determined that his state accounts were in arrears, and a subsequent investigation determined that Bates' defalcation amounted to at least $50,000 (about $1.3 million in 2016).
  • He was indicted with defalcation and embezzlement in October 1939 and was sentenced with a sentence of one to ten years in prison.
  • After he was sentenced to 8 months of probation, 8000 Euro fine and one-year ban from standing in any election for defalcation of public funds, he resigned in 2008 from the political field.

  • Misappropriation of assets – often called defalcation or employee fraud – occurs when an employee steals a company's asset, whether those assets are of monetary or physical nature.
  • The Fund is mandated to compensate investors who suffer pecuniary loss arising from the revocation or cancellation of the registration of a dealing member; insolvency, bankruptcy or negligence of a dealing member; or defalcation committed by a dealing member or any of its directors, officers, employees or representatives.
  • Due to the defalcation of a major client who was attempting a speculative corner, Kershaw & Co.
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© dict.cc Icelandic-English dictionary 2024
Contains translations by TU Chemnitz and Mr Honey's Business Dictionary (German-English only).
Links to this dictionary or to individual translations are very welcome!