trade deficit
[ treyd-def-uh-sit ]
/ ˈtreɪd ˌdɛf ə sɪt /
Save This Word!
noun Economics.
a negative balance of trade, or the amount by which the value of a country’s imports exceeds that of its exports.Compare trade surplus.
QUIZ
THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?
Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.
Question 1 of 7
In the UK, COTTON CANDY is more commonly known as…
Origin of trade deficit
First recorded in 1855–60
Words nearby trade deficit
trade bill, trade book, trade council, tradecraft, trade cycle, trade deficit, trade discount, trade dollar, traded option, trade down, trade dress
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use trade deficit in a sentence
Cultural definitions for trade deficit
trade deficit
The condition that exists when the value of what a country imports exceeds the value of what it exports; also called an unfavorable balance of trade.
notes for trade deficit
Trade deficits, because they imply that capital is leaving a country, can cause higher interest rates.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.