deficit

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Deficit

An excess of liabilities over assets, of losses over profits, or of expenditure over income.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

deficit

1. A negative retained earnings balance. A deficit results when the accumulated losses and dividend payments of a business exceed its earnings.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

deficit

see BUDGET DEFICIT, BALANCE OF PAYMENTS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005