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:

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deficit

Noun

  1. Deficiency in amount or quality; a falling short; lack.
  2. 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.

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