deficit

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Deficit

A deficiency, misappropriation, or defalcation; a minus balance; something wanting.

Deficit is commonly used to mean any kind of shortage, as in an account, a number, or a balance due. Deficit spending or financing involves taking in less money than the amount that is paid out.

Cross-references

Federal Budget.

deficit

n. a shortage, less than is due, or in the case of a business or government budget, more expenditures than income. Unbalanced budgets with a planned year-end deficit are prohibited at every level of government except the federal.

deficit

noun absence, arrears, balance to pay, dearth, default, deficiency, financial shortage, inadequacy, insufficiency, lack, loss, meagerness, omission, overdraft, paucity, scantiness, scarcity, shortage, shortness
See also: arrears, debt, decrement, deficiency, delinquency, due, insufficiency, need, poverty

DEFICIT. This Latin term signifies that something is wanting. It is used to express the deficiency which is discovered in the accounts of an accountant, or in the money in which he has received.

References in periodicals archive ?
5 percent of GDP, with penalties imposed on countries whose total fiscal deficits exceeded 3 percent of GDP - a limit that would include both structural and cyclical deficits, thus
Distinguish between structural and cyclical deficits.
FE]A, the government budget is balanced and the structural and cyclical deficits are zero.