English

Noun

deficit ‎(plural deficits)

1. Deficiency in amount or quality; a falling short; lack.
2. A situation wherein, or amount whereby, spending exceeds government revenue.
   • 2013 September 28, Kenan Malik, "London Is Special, but Not That Special," New York Times (retrieved 28 September 2013):

     Economically, too, London is startlingly different. The capital, unlike the country as a whole, has no budget deficit: London’s public spending matches the taxes paid in the city. The average Londoner contributes 70 percent more to Britain’s national income than people in the rest of the country.

   • 1996 August 4, “It's Time for a Reality Check on the Deficit”, in Contra Costa Times, Contra Costa, CA:

     But Wall Street, which has a case of deficit-attention disorder, is no longer focused on a balanced budget. "The bond market only worries about one thing at [a time.]

Synonyms

• fiscal deficit, shortfall

Derived terms

• fiscal deficit
• trade deficit

Related terms

Translations

References

• deficit in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913

Czech

Noun

deficit m

1. deficit

Related terms

• defekt m

Italian

Noun

deficit m ‎(invariable)

1. deficit (financial, medical)

Latin

Verb

dēficit

1. third-person singular present active indicative of deficiō

Serbo-Croatian

Noun

dȅficit m ‎(Cyrillic spelling де̏фицит)

1. deficit (financial)

Declension