Definition, Meaning & Synonyms
deficit
Noun
/ˈdɛfɪsɪt/
Definition
A deficit is the amount by which something, typically a sum of money, is too small.
Examples
- The company reported a significant deficit this quarter.
- She was concerned about the growing deficit in her budget.
- The government is working to reduce the national deficit.
Meaning
In finance, a deficit occurs when expenses exceed revenues, indicating a shortfall.
Synonyms
- shortfall
- deficiency
- loss
- lack
- insufficiency
