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Shortfall |
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Shortfall The amount by which an obligation or liability that is due exceeds one's ability to pay. For example, if a company has a $5,000 payroll for a given two week period, but only has $4,200 in its checking account, the company has a shortfall of $800. Obviously, shortfalls are causes of significant concern and can force an individual or company to borrow money to pay the obligation or liability. See also: Budget. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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