Definition of 'deficit'

Noun

1. the property of being an amount by which something is less than expected or required; "new blood vessels bud out from the already dilated vascular bed to make up the nutritional deficit"
      Synonyms: shortage shortfall
2. a deficiency or failure in neurological or mental functioning; "the people concerned have a deficit in verbal memory"; "they have serious linguistic deficits"
3. (sports) the score by which a team or individual is losing
      Antonyms: lead
4. an excess of liabilities over assets (usually over a certain period); "last year there was a serious budgetary deficit"

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