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 ?
At the end of trial, quails fed CaP-adequate diet had significantly higher BW (189 g) compared with quails fed Ca-P-deficient diet (163 g), Ca-P-deficient diet supplemented with 1[alpha]-OH-[D.sub.3] (168 g), and Ca-P- deficient diet supplemented with 1[alpha]-OH-[D.sub.3] and phytase (169 g), but did not differ from the quails fed Ca-P-deficient diet supplemented with phytase (174 g) that was intermediate.
Supplementation with vitamin D was associated with improved sexual desire in both deficient and insufficient women.
The SDH deficient cases show loss of expression and this correlates with mutation in genes encoding this protein.
Presently, more than 2 billion people worldwide are estimated to be deficient in one or more nutrients.
The bill would establish a program to provide funding specifically dedicated to repairing and replacing bridges categorized as structurally deficient. In New Hampshire, more than 400 bridges are listed as structurally deficient or in poor condition.
"Based on our analysis, the average age of bridges nationwide is 36 years, and given that the average design life of most existing bridges is 50 years, a big wave of structurally deficient bridges is expected over the next 20 to 30 years.
Between 1992 and 2016, the number of structurally deficient bridges has been on a downtrend in most states.
The lowest rainfall in the last 46 years has been in 2002, which saw deficient rainfall of 54.2 per cent.
Model of acute airway inflammation induced by intranasal administration of lipopolysaccharide (LPS) was employed in both the wild-type and the MPO deficient mice.
Whereas most people in the study did have sufficient vitamin D levels in their blood samples, defined as at least 50 nanomoles of the vitamin per liter of blood (nmol/L), about 30% of people had less than that: 419 people were deficient, with more than 25 nmol/L but less than 50, and 70 people were severely deficient, with less than 25 nmol/L.
Looking at the conservation status of the observed tree species, 2% were critically-endangered, 2% endangered, 10% vulnerable, 4% of least concern and 82% have data deficient so cannot be determined (Fig.