Deficit

Posted in Finance, Accounting and Economics Terms, Total Reads: 885
Advertisements

Definition: Deficit

It is the amount of money by which the expenses exceed the income or liabilities exceed the assets. In short it is the monetary shortage faced by the firm.

It may also refer to a shortfall in the budged revenue experienced.

In case of economics, the trade deficit is the amount by which a country’s imports exceed its exports. 

 

Search & Explore : Management Dictionary

Browse the definition and meaning of more terms similar to Deficit. The Management Dictionary covers over 7000 business concepts from 6 categories.



Share this Page on:

Similar Definitions from same Category: