Definition of Deficit
Deficit
De·fi·cit
Definition/Meaning
(noun)
A lack or shortage of something, especially money.
e.g. The company's deficit in the second quarter led to budget cuts.
(noun)
a situation in which one's liabilities or expenditure exceeds one's assets or income for a particular period of time;
e.g. The country saw a deficit again last year, suggesting that it will face an economic crisis.
(noun)
in sports, the amount by which one team's score is lower than the other's;
e.g. We only have a deficit of 2 points, so we can easily catch up with our opponents.
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