What's the difference between defalcate and defalcation?

Defalcate

Definition:

(v. t.) To cut off; to take away or deduct a part of; -- used chiefly of money, accounts, rents, income, etc.
(v. i.) To commit defalcation; to embezzle money held in trust.

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Definition:

(n.) A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.
(n.) That which is lopped off, diminished, or abated.
(n.) An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.

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