Deficit

A noun meaning

1. an amount by which something is less than expected or required, something is wanting.

2. an excess of liabilities over assets (generally for a defined period of time)

3. a falling short, a lack

Sample sentence: There was a deficit, a deficiency in amount of money required for the taxes.

Synonyms: shortage, shortfall, absence, arrear, arrearage, arrears, back debts, back payments, balance, beggary, bouncing check, break, credit, decline, defalcation, default, defect, defectiveness, deferred payments, deficiency, deficit financing, delinquency, deprivation, destitution, difference, discontinuity, discrepancy, dollar gap, drought, epact, failure, falling short, famine, gap, hiatus, imperfection, impoverishment, inadequacy, incompleteness, inferiority, insufficiency, interval, lack, lacuna, loss, missing link, need, net, omission, outage, overdraft, remainder, scantiness, short measure, shortage, shortcoming, shortfall, slump, starvation, surplus, underage, want

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