deficit


Concise Oxford English Dictionary © 2008 Oxford University Press:
deficit /ˈdɛfɪsɪt, ˈdiː-/
noun
  • 1 the amount by which something, especially a sum of money, falls short.

    ■ an excess of expenditure or liabilities over income or assets in a given period.

  • 2 technical a deficiency or failing, especially in a neurological or psychological function.
– origin C18: via Fr. from L. deficit ‘it is lacking’, from deficere (see defect1).
'deficit' also found in these Oxford entries:

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