deficiency

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Deficiency

The amount by which a project's cash flow is not adequate to meet debt service.

Deficiency

1. The amount by which cash flow falls short of debt service. For example, if a company has $300,000 in current liabilities and only $250,000 in cash flow for a given year, its deficiency is $50,000.

2. In taxation, the amount by which one's tax liability exceeds what the individual person or organization reported. For example, if the IRS disallows certain deductions that the taxpayer applied, he/she will owe more in taxes than he/she reported on the return. Deficiency is the amount this taxpayer still owes to the IRS.

deficiency

1. The amount by which an individual's or an organization's tax liability as computed by the Internal Revenue Service exceeds the tax liability reported by the taxpayer.
2. The amount by which a firm's liabilities exceed assets.

deficiency

The amount due on a mortgage loan after adding all expenses of foreclosure and accrued interest to the principal balance of the loan and then deducting the sale price or lender-bid price for the property. The balance remaining, if any, may be collected by the lender by means of taking a deficiency judgment, unless prohibited by law or contract. Deficiency judgments may be collected just like any other judgment, through seizure of other assets or garnishment. There are two circumstances when a lender may not collect any deficiency:

1. In states with consumer protection statutes that outlaw deficiencies on first mortgages on a borrower's principal residence.

2. With mortgage loans designated as nonrecourse, meaning the lender and borrower agreed in advance that the property would stand for the debt and there would be no deficiency allowed in the event of foreclosure.

References in periodicals archive ?
Burle VA, Konovodova EN, Murashko LE, Sopoeva ZHA (2002) Correction of iron deficiency in pregnant women with preeclampsia.
In previous observational studies, the presence of iron deficiency (absolute or functional) was associated with worse outcomes in patients with heart failure.
33%) males were recruited for the study after making a diagnosis of Iron deficiency anaemia (IDA).
European consensus on the diagnosis and management of iron deficiency and anaemia in inflammatory bowel diseases.
Table-II: Cutoff values of RDWand RDWI for iron deficiency anemia (IDA) and beta-thalassemia trait (ssTT).
The predominant type is microcytic hypochromic which is mainly due to iron deficiency.
Keywords: Beta-thalassemia trait, Iron deficiency anaemia, Red cell parameters, Hb electrophoresis, Red cell distribution width.
Symptoms like poor attention span, learning deficit, behavioral disturbances, delayed motor development and weak memory have well established relationship with iron deficiency anemia3.
The most common cause of anemia under five years of age is iron deficiency anemia.
Iron deficiency expert Professor Toby Richards, a consultant surgeon based at University College Hospitals London, points out that a survey of 9,000 women revealed the average female has symptoms of iron deficiency three to five years before seeing a doctor.