See Also: DEFICIT(law)
Deficit(finance)
deficit(dictionary)
deficit(medicine)
deficit(dictionary)
Deficit(money)
deficit financing(encyclopedia)
trade deficit(dictionary)
Deficit spending(finance)
Budget deficit(finance)

deficit (iou)



deficit noun. L18.
[French deficit, from Latin 3rd person sing. pres. indic. of deficere: see DEFICIENT.]
(The amount of) a deficiency, esp. of money; an excess of expenditure or liabilities over income or assets.
Comb.: deficit financing the financing of deficit spending; deficit spending Government spending, in excess of revenue, of funds raised by borrowing, not by taxation.