deficit

7 definitions • 22 examples

the total amount by which money spent is more than money received, or the state of having spent more money than has been received:

The presidential candidate claims that he can cut the deficit in half within five years.

budget deficit With a budget deficit of nearly £26 billion, the state plans to slash spending on schools and police.

deficit of The country is running a balance-of-payments deficit of $250 million.

deficit in The UK's deficit in manufactured goods fell slightly in the last three months.

What happened to cause this lurch from surplus to deficit?

in deficit A third of schools in the county say they are in deficit.

the amount by which a team or player is behind in a game or competition:

They overcame a two-goal deficit to draw even in the second half.

It was the first time in baseball history a team had overcome a three-games-to-none deficit in the World Series.

a temporary or permanent lack in someone's ability to operate normally:

deficit in Children neglected in early life are likely to exhibit deficits in psychosocial functioning.

cognitive deficit The disease results in increasing levels of cognitive deficit.

Air pollution has been associated with lung function deficits in children.

the amount by which money spent is more than money received:

The theater has been operating at a deficit of over $150,000 a year.

the total amount by which money spent by a business or government is more than the money it receives:

a deficit of £10 million/$1 billion, etc. The two companies between them have reported a deficit of nearly $14bn.

have/run/show a deficit About a third of the nation's non-profit arts presenters run a large deficit each year, according to Charity Navigator.

reduce/cut a deficit

federal/government/public deficit

The US balance of payments deficit was running at over 4% of gross domestic product.

the amount by which something, especially an amount of money, is smaller than it should be:

a pension/pension fund deficit

a deficit in sth The company reported that an estimated $31.5 million deficit in this year's operating budget would end up at about $20 million as a result of savings.

There is a deficit of trust between the customer and the banks, which yesterday's headline figure will do little to dispel.

used to describe a situation when a business or country has spent more money than it has received, or an amount of money is smaller than it should be:

At the time, the Federal Budget was expected to remain in deficit until at least Fiscal 2011.

At their last valuation, almost all council pension funds were in deficit.