Definition of "deficit"
  1. The situation where expenditures or liabilities exceed revenues or assets in a budget
How to use "deficit" in a sentence
  1. The city's deficit continues to grow due to a decline in tax revenues.
  2. To correct the company's deficit, management plans to cut spending.
  3. The country's trade deficit has raised concerns among economists.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z