deficit: Meaning and Definition of
Pronunciation: (def'u-sitBrit.also di-fis'it), [key]
- 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.
- deficit (Thesaurus)