deficit
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About Our Definitions: All forms of a word (noun, verb, etc.) are now displayed on one page.def·i·cit
noun \ˈde-fə-sət, British also di-ˈfis-ət or ˈdē-fə-sət\Definition of DEFICIT
1
a (1) : deficiency in amount or quality <a deficit in rainfall> (2) : a lack or impairment in a functional capacity <cognitive deficits> <a hearing deficit> b : disadvantage <scored two runs to overcome a 2–1 deficit>
2
a : an excess of expenditure over revenue b : a loss in business operations
See Examples of DEFICIT
- The government is facing a deficit of $3 billion.
- We will reduce the federal budget deficit.
- The team overcame a four-point deficit to win the game.
- She has a slight hearing deficit in her left ear.
Origin of DEFICIT
French déficit, from Latin deficit it is wanting, 3d singular present indicative of deficere
First Known Use: 1782
Related to DEFICIT
- Synonyms
- crunch, dearth, deficiency, drought (also drouth), failure, famine, inadequacy, inadequateness, insufficiency, lack, lacuna, paucity, pinch, poverty, scantiness, scarceness, scarcity, shortage, undersupply, want
Other Economics Terms
de·fi·cit
noun \ˈdef-(ə-)sət; British also di-ˈfis-ət, ˈdē-fə-sət\ (Medical Dictionary)Medical Definition of DEFICIT
: a deficiency of a substance <a potassium deficit>; also : a lack or impairment of a functional capacity <cognitive deficits>
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