[n] Deficit meaning (shortfall in amount) with 5 examples
Deficit (1)
/ˈdɛfəsɪt/
(shortfall in amount)
The amount by which something, especially money, is less than what is needed or expected.
Example sentences :
The company reported a large deficit this quarter.
The government's budget deficit has increased this year.
They are trying to reduce the deficit by cutting expenses.
The team overcame a points deficit to win the match.
The country faces a trade deficit with its main trading partners.
Common usage tip(s) :
"Deficit" is commonly used in finance and economics to indicate a shortfall.
It can also refer to any shortage or lack compared to a required amount.