Origin of deficitL, there is lacking, 3d person; personal (grammar) singular , present tense indicative , of deficere (see deficiency): from use as first word in inventory clauses
- 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.
The definition of 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.
the amount by which a sum of money is less than the required or desired amount; specif., an excess of liabilities over assets, of losses over profits, or of expenditure over income
- a. Inadequacy or insufficiency: a deficit in grain production.b. A deficiency or impairment in mental or physical functioning.
- a. The amount by which a sum of money falls short of the required or expected amount; a shortage: large budget deficits.b. A business loss.
- An amount that quantifies an unfavorable condition or position: rallied from a three-game deficit to win the playoffs.
Origin of deficitFrench déficit from Latin dēficit it is lacking third person sing. present tense of dēficere to fail, be lacking ; see defect .
deficit - Investment & Finance Definition
- A budget in which expenses are greater than income. Money must be borrowed to make up the shortfall or assets must be sold.
- A situation in which liabilities exceed assets.
- The formidable deficit is met principally in three ways.
- This created a deficit, which they repaired by doubling the duty on inhabited houses.
- 1888 there was a deficit of E.
- To grapple with this deficit, James Wilson was sent out from the treasury as financial member of council.
- So far as the imperial expenses were not covered by these sources of revenue, until imperial taxes were introduced, the deficit had to be covered by matricular contributions paid by the individual states in proportion to their population.