deficit is the amount by which something, such as money, falls short of the required or expected amount. The amount by which liabilities exceed assets. The amount by which expenditures and obligations exceed the amount budgeted for them.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). deficit. Retrieved September 22, 2026, from http://smartdefine.org/deficit/definitions/1151739 |
| Chicago | Barry Goldsmith. 2010. "deficit" http://smartdefine.org/deficit/definitions/1151739 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, deficit, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/deficit/definitions/1151739>. |
| MLA | Barry Goldsmith. "deficit" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/deficit/definitions/1151739> |