DEFICIT
Deficit
A deficit is the amount by which a sum falls short of some reference amount. In economics, a deficit is an excess of expenditures over revenue in a given time period; in more specific cases it may refer to:The above text is a snippet from Wikipedia: Deficit
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deficit
Noun
- Deficiency in amount or quality; a falling short; lack.
- A situation wherein, or amount whereby, spending exceeds government revenue.
The above text is a snippet from Wiktionary: deficit
and as such is available under the Creative Commons Attribution/Share-Alike License.