deficit - definition and synonyms

 
 
noun [countable] 

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/ˈdefəsɪt/
singulardeficit
pluraldeficits
  1. 1
    economics the difference between the amount of money or goods that a country or business has and the amount that it has spent or that it owes

    the budget deficit

    deficit of:

    a country with trade deficits of £90 billion

  2. 2
    formal a lack of a quality, skill, or ability that you should have

    Critics of the European Union accuse it of suffering from a democratic deficit.

     Synonyms and related words