deficit
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7 ENTRIES FOUND:

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

Examples of DEFICIT

  1. The government is facing a deficit of $3 billion.
  2. We will reduce the federal budget deficit.
  3. The team overcame a four-point deficit to win the game.
  4. 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

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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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