deficit

(redirected from Cyclical deficit)
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Deficit

An excess of liabilities over assets, of losses over profits, or of expenditure over income.

Deficit

A situation in which outflow of money exceeds inflow. That is, a deficit occurs when a government, company, or individual spends more than he/she/it receives in a given period of time, usually a year. One's deficit adds to one's debt, and, therefore, many analysts believe that deficits are unsustainable over the long-term. See also: Surplus.

deficit

1. A negative retained earnings balance. A deficit results when the accumulated losses and dividend payments of a business exceed its earnings.

deficit

see BUDGET DEFICIT, BALANCE OF PAYMENTS.
References in periodicals archive ?
An important part of the deficit agreement in December is that member states may run cyclical deficits that exceed 0.
The cyclical deficit has little influence on Ml growth.
Although the evidence regarding cyclical deficits is statistically weaker, their more limited influence on monetary growth rates appears to be similar regardless of whether they occur under Democratic or Republican presidents.
In data through 1984, Grier and Nieman observe that the Fed responds uniformly to structural deficits but that cyclical deficits affect monetary growth only under Democratic presidents.
The European Monetary Union eliminates the option of a hard currency, at least against Austria's major trading partners, and enforces tight budgets, destroying the potential for cyclical deficits and a scope for structural policy programs alongside.
The inverse sign for cyclical deficits, which have a significant but negative impact on growth performance, can be given a flow-of-funds interpretation.