Deficit meaning

dĕf'ĭ-sĭt
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.

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An amount that quantifies an unfavorable condition or position.

Rallied from a three-game deficit to win the playoffs.

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Inadequacy or insufficiency.

A deficit in grain production.

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A deficiency or impairment in mental or physical functioning.
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The amount by which a sum of money falls short of the required or expected amount; a shortage.

Large budget deficits.

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A business loss.
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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.
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A budget in which expenses are greater than income. Money must be borrowed to make up the shortfall or assets must be sold.
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A situation in which liabilities exceed assets.
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Deficiency in amount or quality; a falling short; lack.
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A situation wherein, or amount whereby, spending exceeds government revenue.
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Origin of deficit

French déficit from Latin dēficit it is lacking third person sing. present tense of dēficere to fail, be lacking defect