Defalcate

Part of speech: verb (v.)

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 the [the estimates]. Burke.

Part of speech: verb (v.)

To commit defalcation; to embezzle money held in trust. "Some partner defalcating, or the like." Carlyle.