English definition of Deficit

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Definition of deficit

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Deficit (n.) Deficiency in amount or quality; a falling short; lack; as, a deficit in taxes, revenue, etc..

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Defalcation :: Defalcation (n.) A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.

Deficit :: Deficit (n.) Deficiency in amount or quality; a falling short; lack; as, a deficit in taxes, revenue, etc..