Question
Pick out the most meaningful word from the given options to fill up the blank to make the sentence meaningfully complete.
Legislation was passed to punish brokers who........................their clients funds.
Answer: Option B
Definition of Defalcate: Defalcate is a verb that means to misappropriate funds or assets that have been entrusted to one's care. It is a legal term that is used to describe the unlawful taking of funds or assets that have been entrusted to someone, usually in a position of trust, such as a lawyer or accountant.
Explanation: As per the given statement, legislation was passed to punish brokers who defalcate their clients funds. Thus, option B - defalcate is the correct answer.
Relevant Points:
• Defalcation is a form of fraud in which someone misuses money or assets entrusted to them.
• It is a criminal offence that is punishable by law.
• The person who is found guilty of defalcation can be fined and/or imprisoned.
• Defalcation is often associated with people in positions of trust, such as lawyers, accountants, or other financial advisors.
• Defalcation is a serious offence and can have serious consequences for those who are found guilty.
• If someone is accused of defalcation, they should seek legal advice as soon as possible.If you think the solution is wrong then please provide your own solution below in the comments section .
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Definition of Defalcate: Defalcate is a verb that means to misappropriate funds or assets that have been entrusted to one's care. It is a legal term that is used to describe the unlawful taking of funds or assets that have been entrusted to someone, usually in a position of trust, such as a lawyer or accountant.
Explanation: As per the given statement, legislation was passed to punish brokers who defalcate their clients funds. Thus, option B - defalcate is the correct answer.
Relevant Points:
• Defalcation is a form of fraud in which someone misuses money or assets entrusted to them.
• It is a criminal offence that is punishable by law.
• The person who is found guilty of defalcation can be fined and/or imprisoned.
• Defalcation is often associated with people in positions of trust, such as lawyers, accountants, or other financial advisors.
• Defalcation is a serious offence and can have serious consequences for those who are found guilty.
• If someone is accused of defalcation, they should seek legal advice as soon as possible.If you think the solution is wrong then please provide your own solution below in the comments section .
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