The amount by which expenses exceed income or costs outstrip revenues. Deficit essentially refers to the difference between cash inflows and outflows. It is generally prefixed by another term to refer to a specific situation - trade deficit or budget...
A deficit is the amount by which a sum falls short of some reference amount. In
economics, a deficit is an excess of expenditures over revenue in a given time ...
Deficit definition, the amount by which a sum of money falls short of the required
amount. See more.
DEFINITION of 'Budget Deficit'. A status of financial health in which expenditures
exceed revenue. The term "budget deficit" is most commonly used to refer to ...
: A trade deficit
occurs when the value of a country's imports is greater than the value of its exports . When the finished good is shipped back home, that's counted as an import -- even though it's made by a domestic company. Imports are also services that ... More »
DEFINITION of 'Deficit'. The amount by which expenses exceed income or costs
outstrip revenues. Deficit essentially refers to the difference between cash ...
government deficit definition, meaning, what is government deficit: the amount by
which a government's spending is more than the money it receives: .
noun def·i·cit \ˈde-fə-sət, British also di-ˈfis-ət or ˈdē-fə-sət\. : an amount (such
as an amount of money) that is less than the amount that is needed. : the amount
a. Inadequacy or insufficiency: a deficit in grain production. b. A deficiency or
impairment in mental or physical functioning. 2. a. The amount by which a sum of
Although the federal deficit is the amount each year by which federal outlays in
the federal budget exceed federal receipts, the gross federal debt increases each