noun a lack or shortage of something, especially a sum of money
adjective related to or characterized by a deficit
In psychology, a deficit may refer to a lack or impairment in cognitive or emotional functioning.
In finance, a deficit can refer to a negative balance in a budget, trade, or current account.
In government, a deficit occurs when expenditures exceed revenues in a fiscal year, leading to a budget shortfall.
In healthcare, a deficit can refer to a deficiency or lack of a particular nutrient or substance in the body.
In economics, a deficit refers to a situation where expenses exceed revenues, leading to a negative balance.
In the financial industry, a deficit may refer to a negative balance between income and expenses. Writers may also use the term deficit when discussing a lack of certain resources or skills in a character or story.
Psychologists may use the term deficit when referring to a lack of certain cognitive or emotional abilities in a patient. They may also use it in the context of deficit disorders such as ADHD or specific learning disabilities.