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deficit

Pronunciation: /ˈdɛfɪsɪt/

The English word “deficit” has 2 meanings listed here.

noun

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

Etymology

From French déficit, from Latin dēficit. Related to defect.

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