deficiency account

noun

Definition of deficiency account

: an account supplementing the balance sheet of a financially weak enterprise showing estimated realization values of assets and their insufficiency to meet creditors' claims and occasionally indicating the causes of the difficulty

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“Deficiency account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deficiency%20account. Accessed 12 Aug. 2020.

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