- 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.
- a disadvantage, impairment, or handicap: The team's major deficit is its poor pitching.
- a loss, as in the operation of a business.
Origin of deficit
Examples from the Web for deficits
This is not to say that we should never worry about deficits.The Battle of the Deficit Bulge Has Been Won
October 6, 2014
The type of folks who care deeply about the poor, but also about deficits and debt.Congress Can Become Civil and Productive if Moderate Voters Demand It
October 28, 2013
And dozens of states, many of which cut jobs to close their annual deficits, are now reporting surpluses.A Few Good Bits in a Pretty Bad Jobs Report
October 22, 2013
Republicans want smaller government when deficits are high and when deficits are low.Republicans Don’t Really Care About Reducing America’s Debt
October 21, 2013
As deficits decline at the federal and state level, the era of austerity in the U.S. may be ending.Print Textbooks Still Dominate Campus Textbook Market
August 6, 2013
The money that went to meet these deficits was provided from some source.The Railroad Problem
Participation in profits without responsibility as to deficits.The Roycroft Dictionary
The chief embarrassments have arisen, not from deficits, but from surpluses.Congressional Government
Indeed, the New Zealand Treasury may be said to have been cradled in deficits.The Long White Cloud
William Pember Reeves
Then, of course, every few months, there were deficits which had to be made good.The Marriage of William Ashe
Mrs. Humphry Ward
- the amount by which an actual sum is lower than that expected or required
- an excess of liabilities over assets
- an excess of expenditures over revenues during a certain period
- an excess of payments over receipts on the balance of payments
Word Origin and History for deficits
1782, from French déficit (late 17c.), from Latin deficit "it is wanting," an introductory word in clauses of inventory, third person singular present indicative of deficere "to be deficient" (see deficient).
- A lack or deficiency of a substance.
- A lack or impairment in mental or physical functioning.
A shortage, especially the amount by which a sum of money falls short of what is required; a debt.