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deficit (n.)

"a falling short or failure in amount," especially financially, 1782, from French déficit (late 17c.), from Latin deficit "it is wanting," an introductory word in clauses of inventory, third person singular present indicative of deficere "to fail, be deficient," from de "down, away" (see de-) + combining form of facere "to do, make" (from PIE root *dhe-"to set, put").

Origin and meaning of deficit

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Definitions of deficit from WordNet

deficit (n.)
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
deficit (n.)
a deficiency or failure in neurological or mental functioning;
the people concerned have a deficit in verbal memory
they have serious linguistic deficits
deficit (n.)
(sports) the score by which a team or individual is losing;
deficit (n.)
an excess of liabilities over assets (usually over a certain period);
last year there was a serious budgetary deficit
From wordnet.princeton.edu