2 definitions found
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Deficit \Def"i*cit\, n. [Lit., it is wanting, 3d person pres.
indic. of L. deficere cf F. d['e]ficit. See {Defect}.]
Deficiency in amount or quality; a falling short; lack; as a
deficit in taxes, revenue, etc --Addison.
From WordNet r 1.6 [wn]:
deficit
n 1: the property of being an amount by which something is less
than expected or required [syn: {shortage}, {shortfall}]
2: an excess of liabilities over assets (usually over a certain
period)
more about deficit
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Lake Atitlan, Guatemala
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