To set off one claim against another; to deduct a debt due to one from adebt which one owes. Johnson v. Signal Co., 57 N. J. Eq. 79, 40 Atl. 193 ; Pepper v.Warren, 2 Marv. (Del.) 225, 43 Atl. 91. This verb corresponds only to the secondmeaning of “defalcation” as given above; a public officer or trustee whomisappropriates or embezzles funds in his hands is not said to “defalk.”