Defalcate
Defalcate , transitive verb
[Late Latin defalcatus, past participle of defalcare to deduct, orig., to cut off with a sickle; Latin 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].
Defalcate , intransitive verb
To commit defalcation; to embezzle money held in trust.
Some partner defalcating, or the like.