Meaning & use

deficit

noun·Academic

The amount by which something, especially money, falls short of what is needed or expected.

See it in a sentence

The company reported a deficit of two million dollars for the fiscal year.

Years of overspending left the government running a large budget deficit.

A note on using this word

Most common in financial contexts like 'budget deficit' or 'trade deficit,' but also used for non-money shortfalls.

Words with a similar meaning

shortfallshortage

Choose a synonym to suit the sentence. Meanings can overlap without being identical.

Words with an opposite meaning

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