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| def·i·cit [ déffissit ] (plural def·i·cits) |
noun |
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| Definition: |
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1. excessive amount spent: the amount by which expenditures exceed income or budget
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2. shortfall: the amount by which a total is less than it should be
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| [Late 18th century. < French déficit< Latin deficit "it is lacking" < deficere (see deficient)] |
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