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The meaning of DEFICIT is deficiency in amount or quality. How to use deficit in a sentence.

DEFICIT definition: 1. the total amount by which money spent is more than money received, or the state of having spent…. Learn more.

Sep 29, 2024 · A deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. Federal budget deficits add to the national debt.

DEFICIT meaning: 1 : an amount (such as an amount of money) that is less than the amount that is needed; 2 : the amount by which a person or team is behind in a game or contest

Definition of deficit noun from the Oxford Advanced Learner's Dictionary. (economics) the amount by which money spent or owed is greater than money earned in a particular period of time. in …

the amount by which a sum of money falls short of the required amount. the amount by which expenditures or liabilities exceed income or assets. a lack or shortage; deficiency. The team's …

Nov 20, 2024 · Deficits (or surpluses), debt, and interest are three central budget concepts. For any given year, the federal budget deficit is the amount of money the federal government …

A deficit is the amount by which something is less than what is required or expected, especially the amount by which the total money received is less than the total money spent.

a. The amount by which a sum of money falls short of the required or expected amount; a shortage: large budget deficits.

Dec 8, 2023 · What Is a Deficit? A deficit is a financial imbalance that happens when debt, expenses or liabilities are greater than revenue, income or assets. The term can also refer to a …