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Glossary > D > "Deficit" Definition

Deficit

An excess of liabilities over assets, of losses over profits, or of expenditure over income.

A situation where liabilities exceed assets, expenditures exceed income, imports exceed exports, or losses exceed profits.

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Deficit - An excess of liabilities over assets, of losses over profits, or of expenditure over income.

A situation where liabilities exceed assets, expenditures exceed income, imports exceed exports, or losses exceed profits.

Deficit : an excess of liabilities over assets, of losses over profits, or of expenditure over income.

a situation where liabilities exceed assets, expenditures exceed income, imports exceed exports, or losses exceed profits.