def⋅i⋅cit
[def-uh-sit; Brit. also di-fis-it]
| 1. | the amount by which a sum of money falls short of the required amount. |
| 2. | the amount by which expenditures or liabilities exceed income or assets. |
| 3. | a lack or shortage; deficiency. |
| 4. | a disadvantage, impairment, or handicap: The team's major deficit is its poor pitching. |
| 5. | a loss, as in the operation of a business. |
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Deficit
Def"i*cit\, n. [Lit., it is wanting, 3d person pres. indic. of L. deficere, cf. F. d['e]ficit. See Defect.] Deficiency in amount or quality; a falling short; lack; as, a deficit in taxes, revenue, etc. --Addison.Cite This Source
deficit
A shortage, especially the amount by which a sum of money falls short of what is required; a debt.
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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deficit
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Deficit
A situation in which liabilities exceed assets, expenditures exceed income, imports exceed exports, or losses exceed profits.
Investopedia Commentary
A deficit is the opposite of a surplus. If a country imports more than it exports, it is said to have a trade deficit. Many scholars feel that a trade deficit can not be sustained in perpetuity.
Related Links
Understanding The Capital And Financial Accounts In The Balance Of Payments
What Is The Balance Of Payments?
Current Account Deficits
See also: Asset, Income, Liability, Perpetuity, Profit, Surplus
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deficit
- A negative retained earnings balance. A deficit results when the accumulated losses and dividend payments of a business exceed its earnings.
- See operating loss.
Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: de·fi·cit
Pronunciation: 'def-(&-)s&t; Brit also di-'fis-&t, 'dE-f&-s&t
Function: noun
: a deficiency ofa substance deficit>; also : a lack or impairment of a functional capacity
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deficit def·i·cit (děf'ĭ-sĭt)
n.
- A lack or deficiency of a substance.
- A lack or impairment in mental or physical functioning.
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