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deficit

[def-uh-sit; British also dih-fis-it] /ˈdɛf ə sɪt; British also dɪˈfɪs ɪt/
noun
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.
Origin
1775-1785
1775-85; < Latin dēficit (it) lacks, 3rd person singular present indicative of dēficere; see deficient
Related forms
superdeficit, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for deficit
  • The last governor left the state with a $25 billion budget deficit .
  • It's a deficit that grows every time we skim some extra minutes off our nightly slumber.
  • Meaningful fiscal reform requires long-term measures to rein in the deficit.
  • The results reinforce the theory that dyslexia arises from some sort of deficit in processing language sounds.
  • The move was part of reforms that began two years ago that are aimed to reduce the university's large deficit.
  • The world has an authority deficit.
  • What's discouraging, of course, is that we face this huge deficit.
  • The club emerged from bankruptcy proceedings two years ago but has operated at a deficit.
  • Most public transportation systems run at a large deficit.
  • As is so often the case, where you find one kind of astounding genius, you find another glaring deficit.
British Dictionary definitions for deficit

deficit

/ˈdɛfɪsɪt; dɪˈfɪsɪt/
noun
1.
the amount by which an actual sum is lower than that expected or required
2.
  1. an excess of liabilities over assets
  2. an excess of expenditures over revenues during a certain period
  3. an excess of payments over receipts on the balance of payments
Word Origin
C18: from Latin, literally: there is lacking, from dēficere to be lacking
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for deficit
n.

1782, from French déficit (late 17c.), from Latin deficit "it is wanting," an introductory word in clauses of inventory, third person singular present indicative of deficere "to be deficient" (see deficient).

Online Etymology Dictionary, © 2010 Douglas Harper
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deficit in Medicine

deficit def·i·cit (děf'ĭ-sĭt)
n.

  1. A lack or deficiency of a substance.

  2. A lack or impairment in mental or physical functioning.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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deficit in Culture

deficit definition


A shortage, especially the amount by which a sum of money falls short of what is required; a debt.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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