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deficit
A deficit occurs when there isn't a sufficient amount of money to cover all of the expenses and debts or when you are not as good at something as you should be. (noun)
- An example of a deficit is when you owe $100 and only have $90.
- An example of a deficit is when a child in 9th grade reads at a 4th grade level.
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See deficit in Webster's New World College Dictionary
See deficit in American Heritage Dictionary 4
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