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Legal Dictionary

deficit

Definition of deficit

Etymology

    From French déficit, from Latin deficit.

Noun

deficit (plural deficits)

  1. Deficiency in amount or quality; a falling short; lack.
  2. A situation wherein, or amount whereby, spending exceeds government revenue.

Synonyms

  • fiscal deficit

Derived terms

Related terms

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



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