Meaning Of The Word Deficit

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Deficit Meaning

Deficit Definition
Deficit Definition

What's The Definition Of Deficit?

deficit
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.

deficit in Accounting 1
noun: A deficit is a situation in which liabilities are greater than assets.

deficit in Accounting 2
noun: A deficit is a situation in which expenses are greater than revenues during a particular accounting period.

deficit in American English
the amount by which a sum of money is less than the required amount; specif., an excess of liabilities over assets, of losses over profits, or of expenditure over income
noun: the amount by which a sum of money falls short of the required amount

deficit in British English
noun: the amount by which an actual sum is lower than that expected or required

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