Deficit meaning
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.
noun
An amount that quantifies an unfavorable condition or position.
Rallied from a three-game deficit to win the playoffs.
noun
Inadequacy or insufficiency.
A deficit in grain production.
noun
A deficiency or impairment in mental or physical functioning.
noun
The amount by which a sum of money falls short of the required or expected amount; a shortage.
Large budget deficits.
noun
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A business loss.
noun
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.
noun
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.
Deficiency in amount or quality; a falling short; lack.
noun
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A situation wherein, or amount whereby, spending exceeds government revenue.
noun
Origin of deficit
French déficit from Latin dēficit it is lacking third person sing. present tense of dēficere to fail, be lacking defect