DEFALCATION Definition

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DELFALCATION is to misuse or embezzle funds.

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FISCALIST is an economist who prefers that the government affect the economy by raising and lowering taxation and/or government spending.

CONDUIT DEBT is issued by a state agency or public corporation on behalf of borrowers which include businesses, health care institutions, private higher education institutions, local governments, and qualified individuals (loans for higher education and housing purposes). No State credit support is provided.

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