short·age

[shawr-tij]
noun
1.
a deficiency in quantity: a shortage of cash.
2.
the amount of such deficiency.

Origin:
1865–70; short + -age

pre·short·age, noun


1. lack, want, scarcity.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
shortage (ˈʃɔːtɪdʒ) [Click for IPA pronunciation guide]
 
n
a deficiency or lack in the amount needed, expected, or due; deficit

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Shortage is always a great word to know.
So is zedonk. Does it mean:
the offspring of a zebra and a donkey.
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
American Heritage
Cultural Dictionary

shortage definition


A condition that exists when demand exceeds supply because of a lack of equilibrium in a market. If a price is artificially low, buyers want to buy more of a good than sellers are willing to sell. (Compare surplus.)

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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Example sentences
Famine, water shortage and energy poverty not to mention wars caused by the
  above and lack of space.
The result is a show laced with violence, vulgarity and no shortage of nudity.
Barriers to new entrants remain, such as a shortage of credit and historically
  low retail margins.
He expects it to take a decade or more to overcome the shortage.
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