Deficiency

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Deficiency

A shortage or insufficiency. The amount by which federal Income Tax due exceeds the amount reported by the taxpayer on his or her return; also, the amount owed by a taxpayer who has not filed a return. The outstanding balance of a debt secured by a mortgage after the mortgaged property has been sold to satisfy the obligation at a price less than the debt.

References in classic literature ?
The lad with the turned-up sleeve gave the smith a blow in the face and cried wildly: "They're fighting us, lads!"
They are Aunt Jane's lads, and a precious pair you'd better believe.
"Well, God be with thee, lad!" cried the archer, pressing Alleyne to his heart.
By this the Irishman knew that she had sent the lad to wait on him.
And so Paulvitch encouraged the boy to come and see him often, and always he played upon the lad's craving for tales of the savage world with which Paulvitch was all too familiar.
--a little negro lad, five feet high, hang-dog look, and cowardly!
lad, lad--what's names to th' Joy Maker," and she gave his shoulders a quick soft pat again.
Even the lads and lassies giggled and snickered over their part in the affair, narrating with gusto how Larry had jumped on my chest and slept under the bridge, how So-and-So had slept out in the sandhills that night, and what had happened to the other lad who fell in the ditch.
To say the truth, some of that atrocious wickedness in Jones, of which we have just mentioned three examples, might perhaps be derived from the encouragement he had received from this fellow, who, in two or three instances, had been what the law calls an accessary after the fact: for the whole duck, and great part of the apples, were converted to the use of the gamekeeper and his family; though, as Jones alone was discovered, the poor lad bore not only the whole smart, but the whole blame; both which fell again to his lot on the following occasion.
I know not," said the lad, looking around him with dazed eyes, for he was bewildered with all that he saw.
Returning to the cab, Geoffrey found the lad steadily waiting at his post.
March and Meg sat among the apple piles like a pair of Pomonas, sorting the contributions that kept pouring in, while Amy with a beautiful motherly expression in her face sketched the various groups, and watched over one pale lad, who sat adoring her with his little crutch beside him.