|deficit (ˈdɛfɪsɪt, dɪˈfɪsɪt)|
|1.||the amount by which an actual sum is lower than that expected or required|
|2.||a. an excess of liabilities over assets|
|b. an excess of expenditures over revenues during a certain period|
|c. an excess of payments over receipts on the balance of payments|
|[C18: from Latin, literally: there is lacking, from dēficere to be lacking]|
deficit def·i·cit (děf'ĭ-sĭt)
A lack or deficiency of a substance.
A lack or impairment in mental or physical functioning.
A shortage, especially the amount by which a sum of money falls short of what is required; a debt.