- 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.
- the amount by which an actual sum is lower than that expected or required
- an excess of liabilities over assets
- an excess of expenditures over revenues during a certain period
- an excess of payments over receipts on the balance of payments
