- 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.
- 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 amount by which a sum of money is less than the required amount; specif., an excess of liabilities over assets, of losses over profits, or of expenditure over income
Origin of deficitClassical Latin there is lacking, 3d person; personal (grammar) singular , present tense indicative , of deficere (see deficiency): from use as first word in inventory clauses
- 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.
- Deficiency in amount or quality; a falling short; lack.
- A situation wherein, or amount whereby, spending exceeds government revenue.
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.