Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “deficit”

deficit

noun [C]
 
 
/ˈdefɪsɪt/
ECONOMICS, FINANCE the total amount by which money spent by a business or government is more than the money it receives: a deficit of £10 million/$1 billion, etc. The two companies between them have reported a deficit of nearly $14bn.have/run/show a deficit About a third of the nation's non-profit arts presenters run a large deficit each year, according to Charity Navigator. reduce/cut a deficit federal/government/public deficit The US balance of payments deficit was running at over 4% of gross domestic product.
the amount by which something, especially an amount of money, is smaller than it should be: a pension/pension fund deficita deficit in sth The company reported that an estimated $31.5 million deficit in this year's operating budget would end up at about $20 million as a result of savings. There is a deficit of trust between the customer and the banks, which yesterday's headline figure will do little to dispel. → Compare surplus
in deficit used to describe a situation when a business or country has spent more money than it has received, or an amount of money is smaller than it should be: At the time, the Federal Budget was expected to remain in deficit until at least Fiscal 2011. At their last valuation, almost all council pension funds were in deficit.
→ See also budget deficit, current account deficit, external deficit, trade deficit
(Definition of deficit from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of deficit?
Add Cambridge dictionaries to your browser to your website

Definitions of “deficit” in other dictionaries

Word of the Day

mutant

an organism that is different from others of its type because of a permanent change in its genes

Word of the Day

What’s that lovely smell?

by Kate Woodford,
October 29, 2014
As adult humans, we can distinguish about 10,000 different smells. It’s no wonder, then, that we have so many words and expressions to describe them. This week we’re taking a look at those smell words – words that describe good smells and words that describe bad smells. Most smell words are either

Read More 

high-frequency trading noun

October 27, 2014
a type of stock market trading that uses very complex technology to trade extremely quickly, often making tiny profits which nevertheless add up to substantial sums Lewis’s book, Flash Boys, is driving a huge amount of attention toward the topic of high frequency trading, and it has rekindled some of

Read More