A Deficit refers to a situation where expenditure or liabilities exceed income or assets, typically over a specific period. In financial terms, it signifies an amount by which something, especially a sum of money, is too small. It indicates a shortfall, inadequacy, or lack of something essential. Deficits can occur in various contexts, including government budgets, trade balances, personal finances, or even in physical or mental attributes. Addressing a Deficit usually involves implementing strategies to increase income, reduce expenses, or find alternative sources of resources to compensate for the deficiency.
Deficit meaning with examples
- The government announced a significant budget Deficit this year, primarily due to increased spending on social programs and decreased tax revenues resulting from the economic recession, requiring significant cuts.
- The company reported a trade Deficit for the quarter, meaning that it imported significantly more goods than it exported, a worrying trend that could affect the overall financial health of the organization.
- After years of neglecting his health, John developed a vitamin D Deficit, leading to fatigue, bone weakness, and a heightened susceptibility to infections, impacting his general wellbeing.
- The team's performance suffered from a severe skills Deficit in critical areas such as communication and teamwork, leading to several project failures and general staff morale.
Deficit Synonyms
debt deficiency inadequacy insufficiency lack loss shortage shortfall underage wantDeficit Antonyms
abundance adequacy advantage excess gain plenty proficiency profit sufficiency surplusDeficit Crossword Answers
3 Letters
GAP
4 Letters
LACK LOSS
6 Letters
REDINK
8 Letters
SHORTAGE
9 Letters
SHORTFALL