Definition: 1. The property of being an amount by which something is less than expected or required. 2. An excess of liabilities over assets (usually over a certain period).
Use 'deficit' in a sentence:
1. Taxes only get part of the way toward a $50 billion deficit.
2. For the first five months of 2007, the trade deficit actually fell 7 percent from 2006.
3. The budget deficit has ballooned to$ 25 billion.
4. There has been a sharp increase in Indian's balance of payment deficit.
5. In 1969, as the strains between America's budget deficit and the dollar's gold peg emerged, an artificial reserve asset was created.
6. They're ready to cut the federal budget deficit for the next fiscal year.
7. The United States Congress and the president are still locked in disagreement over proposals to reduce the massive budget deficit.
8. The trade deficit remains the soft underbelly of the US economy.
9. These options would actually worsen the economy and add to the deficit.
10. To recap briefly, an agreement negotiated to cut the budget deficit was rejected 10 days ago.
11. Britain's balance of payments deficit has improved slightly.
12. The US trade deficit widened to$ 7.59 billion in November.