Deficit definition
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
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
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
A situation wherein, or amount whereby, spending exceeds government revenue.
noun
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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
Other Word Forms
Noun
Singular:
deficit
Plural:
deficits