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English definition of “shortfall”

shortfall

noun [C]
 
 
/ˈʃɔːtfɔːl/
the difference between the amount of something, especially money, that you have and the amount that you need: a shortfall of sth The state is facing a budget shortfall of $1.75 billion for the fiscal year.a shortfall in sth The organization is grappling with a major shortfall in its final salary pension scheme. a shortfall on sth I recently received notification of a potential shortfall on my low-cost endowment. make up/cover/meet a shortfall a pension/funding/budget shortfall
(Definition of shortfall from the Cambridge Business English Dictionary © Cambridge University Press)
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