deficiency

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Related to mental deficiency: mental retardation, Mentally handicapped

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 ?
In 1930 the National Catholic Welfare Conference succeeded in publishing four pamphlets on sterilization in a series entitled "Problems of Mental Deficiency." In a sense the series represents an expansion of the plan for opposing sterilization statutes that Dolle and Burke developed in the NCCM "Information Bulletin," since the four pamphlets covered the key material of that initial piece, albeit in more depth and with more direct expertise.
(46) This was an exaggeration, as the definition of 'backward' was not really very different to mental deficiency as it was defined in English legislation and legislation in other Australian states.
In this paper are described four of the main theoretical streams that treat with mental deficiency: the medical behaviorist, psychometric, and mecognitive models, as well the factor that in each of them are the responsible elements of mental deficiency, The educational implication of those theoretical models are described also.
Mental deficiency and the clinical use or abuse of psychotropic and psychomimetic agents are also included.
Delayed intelligible speech may indicate impaired receptive or expressive language function, mental deficiency, hearing loss, or other developmental problems.
Grossman HJ, 1983, Manual on terminology and classification in mental retardation (3rd.rev), Washington D.C., American Association on Mental Deficiency
The Syndrome is characterized by more frequent abnormalities includes mental deficiency may be present (but normal intelligence has been observed) Craniofacial abnormalities (like Craniosynostosis, Flat facies, shallow orbits, hypertelorism, strabismus, maxillary hpoplasia, Small nose, Narrow palate with or without cleft palate, Pseudomandibular progranathism and crowding of teeth).
Contract notice: Transport service for children and adults to mental deficiency of nursing homes managed by the ccas yvetot.
MENTAL DEFICIENCY The Stiff Kitten, Belfast - Wednesday 18th Mental Deficiency dress ridiculously, in order to mash big rock hooks and ludicrous lyricism with a brilliantly unpredictable stage show.
There is probably some sort of mental deficiency that is manifested by latching on to such perverse loci for expressions of pride.
They said an estimated 2.1 million children are born each year with mental deficiency in the country due to iodine deficiency in pregnant women.
Some reactions to the revised "Manual on Terminology and Classification in Mental Retardation." American Journal of Mental Deficiency, 64, 951-953.