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.
References in periodicals archive ?
Earlier, MP Ulan Primov asked if there would be any shortfalls in the tax revenues this year reminding of 2016 shortfall amounting to 4.
Three Cypriot banks completed with a capital surplus the European Central Bank's comprehensive assessment, whereas one bank completed the exercise with a manageable shortfall.
In East Anglia, shortfalls increased from pounds 25 in January to pounds 43 by July and in the North they rose from pounds 25 in January to pounds 34.
Global Banking News-March 11, 2011--BBVA says capital shortfall at banks manageable(C)2011 ENPublishing - http://www.
Recommendation: To help ensure that DHS can identify its foreign language capabilities needed and pursue strategies that will help its workforce effectively communicate to achieve agency goals, the Secretary of Homeland Security should (1) comprehensively assess DHS's foreign language needs and capabilities and identify potential shortfalls, (2) assess the extent to which existing foreign language programs and activities address foreign language shortfalls, and (3) ensure that the results of these foreign language assessments are incorporated into the department's future strategic and workforce planning documents.
In addition to budget shortfalls due to declining sales, income, and property tax revenue collections, the NLC report, "City Budget Shortfalls and Responses: Projections for 2010-2012," indicates municipal budget shortfalls are also increasing due to cuts in state assistance to local governments.
However, the make-up provision allows for payment of the Year One shortfall of $10,000, so that John's total Year Two payment is $70,000 (the $60,000 Year Two unitrust amount plus the Year One shortfall).
Until these shortfalls can be fully explained, it would be irresponsible to release Battery Park City funds.
The reasons for this included funding shortfalls, cutbacks and pressures - often at strategic health authority (SHA) level.
8 per cent of directors said that their trust was facing a funding shortfall in the current financial year.
People aged between 40 and 50 are most likely to see a big gap between the maturity value of the policy and the mortgage it was taken out to pay off, with shortfalls averaging pounds 8,114