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deficit

/ˈdɛfɪsɪt/  ·  say it: DEF·uh·sit

the amount by which spending exceeds income

In Banking & Finance

In more detail

1. (noun) the amount by which something falls short of what is needed or expected

2. (noun) the amount by which money spent is greater than money earned or received

Examples

• 1. The team had a deficit of 10 points with only five minutes left to play.
• 2. The government has a budget deficit of billions of dollars this year.

Nearby in Banking & Finance

remittance, subprime, surplus, venture capital, windfall, write-off