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  1. Dictionary
    deficit
    /ˈdɛfɪsɪt/

    noun

    • 1. the amount by which something, especially a sum of money, is too small.

    More definitions, origin and scrabble points

  2. DEFICIT definition: 1. the total amount by which money spent is more than money received, or the state of having spent…. Learn more.

  3. Sep 29, 2024 · A deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. Federal budget deficits add to the national debt.

  4. the amount by which a team or player is behind in a game or competition: They overcame a two-goal deficit to tie the score in the second half. It was the first time in baseball history a team had overcome a three-games-to-none deficit in the World Series. Synonym. disadvantage. More examples. SMART Vocabulary: related words and phrases.

  5. Budget Deficit. A budgetary deficit is referred to as the situation in which the spending is more than the income. Although it is mostly used for governments, this can also be broadly applied to individuals and businesses.

  6. : a lack or impairment in an ability or functional capacity. cognitive deficits. a hearing deficit. b. : disadvantage. scored two runs to overcome a 2–1 deficit. 2. a. : an excess of expenditure over revenue. facing a deficit of $3 billion. raise taxes to help reduce the budget deficit. b. : a loss (see loss sense 4b) in business operations.

  7. noun. /ˈdefɪsɪt/ (economics) the amount by which money spent or owed is greater than money earned in a particular period of time. a budget deficit. in deficit The trade balance has been in deficit for the past five years. see also trade deficit. Collocations International relations. compare surplus. Extra Examples. Topics Business c1.