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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 ?
The five states with the highest number of structurally deficient bridges in 2016 are Iowa (4,931), Pennsylvania (4,410), Oklahoma (3,414), Missouri (3,147) and Nebraska (2,326).
14) In the study done in Iran by Ezzat Khodashenas et al in the G6PD deficient group, 81.
3mg/kg) in the wild-type and the MPO deficient mice induced acute airway inflammation, characterized by an increase of the lung lavage cell numbers.
For moderately deficient cases, of the total 177 cases, 123 were female and 54 were male subjects; 16 (9.
Similar results were recorded for Alzheimer's disease, with the moderately deficient group 69% more likely to develop this type of dementia, jumping to a 122% increased risk for those severely deficient.
Similarly, the VisuDep-F Frozen Factor IX Deficient Plasma is developed for use as a substrate plasma in the quantitative detection of Factor IX activity in citrated plasmas utilising a clot-based assay.
The overall status of carbon deficiency indicates that approximately 8 percent samples were found to be deficient in carbon as depicted in table 3.
A limitation for the use of CDT resides in the fact that abnormal serum transferrin glycoforms (with different numbers of sialic acid residues) can be found in carbohydrate deficient glycoprotein syndromes.
The samples were initially screened for G-6-PD deficiency using the semi-quantitative fluorescent spot method (Randox Laboratories Ltd, Antrim, UK), which classified a sample as non-deficient or deficient when G-6-PD activity was <30% of normal activity levels.
One in nine Massachusetts bridges is structurally deficient and needs repairs, according to a new study released yesterday.
Thirty-seven percent of subjects were found to be iron deficient based on either a serum ferritin level below 100 mcg/L, or 100-300 mcg/L with a transferrin saturation below 20%.
In the study, published in the April 30 issue of the New England Journal of Medicine, researchers measured vitamin D levels in 42 people being treated in an ICU and found almost half were vitamin D deficient.

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