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 ?
But 94% believe fad diets cannot be followed as part of a healthy lifestyle and 96% believe they can have significant health risks to those who follow them including vitamin and mineral deficiency (91%) and impaired kidney function (49%).
Examples of some common mineral deficiency problems in livestock are lack of appetite; difficulty in rebreeding in females; low sex drive and low quality semen in males; abortions; retention of placentas; premature, weak or sickly offspring and their susceptibility to navel ill; premature aging; depraved appetites (e.
If you suspect a mineral deficiency may be causing a problem, if nothing more than your livestock don't seem to do as well as others in the area, there are several ways to proceed:
If there is someone in your area who consistently produces top-quality animals, arrange to visit their operation and question them about their mineral deficiency practices.
Often thought to be caused by a vitamin or mineral deficiency, particularly lack of calcium.
Cattle that are wild and have a brownish tinged, rough haired coat are probably suffering from a mineral deficiency.
Identifying a mineral deficiency from symptoms alone can be very difficult as different mineral deficiencies can cause similar symptoms.
In addition, eating on the run and long working hours, coupled with poor quality food choices, smoking, excessive alcohol or caffeine consumption can all result in vitamin and mineral deficiency, which is when a supplement may be a valuable addition.
But fellow expert Dr Bob Furness, from Glasgow University, said: "The Rum deer will be alleviating a mineral deficiency in their diet.
Over half the world's disease is due to hunger, over-eating and mineral deficiency.
WHITE FLECKS: It is an old wives' tale that these indicate a lack of calcium in the diet or a vitamin or mineral deficiency.