Deficit
volume
British pronunciation/dˈɛfɪsˌɪt/
American pronunciation/ˈdɛfəsət/

Definition & Meaning of "deficit"

Deficit
01

the difference between the needed amount that is higher than the available amount, especially money

example
Example
click on words
The government faced a budget deficit due to increased spending and decreased revenue.
The organization 's deficit in funding forced it to cut back on programs and services.
The trade deficit widened as imports exceeded exports for the fourth consecutive quarter.
02

an excess of liabilities over assets (usually over a certain period)

03

(sports) the score by which a team or individual is losing

04

(technical) a lack or impairment in neurological or psychological function

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