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“defalcates”
defalcate (di FAHL kayt"; DEF uhl kayt") (verb), defalcates; defalcated; defalcating
To steal, to misuse, or to embezzle money by someone who is supposed to be taking care of an organization's or other people's funds: The newspaper in Karan's town revealed how the mayor was defalcating expenses from the city's resources to build himself a luxurious home.

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