Part of speech: noun

A deficiency, or falling short in amount; shortage.

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Usage examples "deficit":

  1. Collectors of both secular and religious tribute sent reports directly to the king, and if there was any deficit in the supply which was expected from a collector he had to make it up himself; but the king was always ready to listen to and investigate a complaint and to enforce the payment of tribute or taxes so that the loss should not fall upon the collector. - "History Of Egypt, Chaldæa, Syria, Babylonia, And Assyria In The Light Of Recent Discovery", L.W. King and H.R. Hall.
  2. Finding however that, despite his efforts to reduce expenditure, he could not avoid an annual deficit, the council- pensionary took the bold step of proposing a further reduction of interest from 5 to 4 per cent. - "History of Holland", George Edmundson.
  3. The total deficit having now reached over sixteen hundred dollars, there was a general feeling that a very special effort must be made to remove it. - "The Hohenzollerns in America With the Bolsheviks in Berlin and other impossibilities", Stephen Leacock.