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How to pronounce:
deficit
Definition:
(nou) the property of being an amount by which something is less than expected or required (nou) a deficiency or failure in neurological or mental functioning (nou) the score by which a team or individual is losing (nou) an excess of liabilities over assets (usually over a certain period)
Phonetic Transcription:
ˈdefɪsɪt
Examples:
In the short term, the effect of Reaganomics was a soaring budget deficit.
The budget deficit of the state of Finland was several per cent of the GNP.
The important figure is the deficit.
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