deficiency

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Related to Nutritional deficiency: malnutrition

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 ?
Theirs was the first report showing that a host nutritional deficiency could turn a harmless microbe into a pathogen.
If telogen effluvium is due to anemia or nutritional deficiency, hair loss should resolve once these problems are treated.
Instead it helps to correct a specific nutritional deficiency which occurs in many patients with HIV or AIDS, and can have many adverse health consequences.
And, NCBA reports iron deficiency is the most common nutritional deficiency in the United States, affecting some 8.
Her parents took her to a doctor, who prescribed vitamins for a nutritional deficiency.
If you or your doctor is concerned that you may have a nutritional deficiency or overload, the cost of the test may not be a deterrent--and some health insurers will pay for such testing when indicated by a diagnosis of such diseases as diabetes, arthritis, high cholesterol, etc.
Nutritional deficiency can lead to serious problems," Revak said.

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