The Collaborative International Dictionary
Defalcating
Defalcate \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.
Wiktionary
defalcating
vb. (present participle of defalcate English)