BusinessJuly 10, 2026
defection
/dɪˈfɛkʃən/
Definition
The act of deserting or abandoning one's home state or organization to join another, often due to dissatisfaction.
Etymology
Derived from the Latin 'defectio', meaning 'a falling away, failure, or revolt.' It evolved through Middle French to signify the abandonment of a cause, party, or allegiance.
In the news
The article uses the term to describe wealthy individuals moving their residences and businesses out of California, contrasting these departures with the state's overall economic growth.
Billionaire exodus? California drew 10 times more venture capital than any other state this year
Read the full article ↗Los Angeles Times