Deficit
A situation in which liabilities exceed assets, expenditures exceed income, imports exceed exports, or losses exceed profits. Investopedia Says:
A deficit is the opposite of a surplus. If a country imports more than it exports, it is said to have a trade deficit. Many scholars feel that a trade deficit can not be sustained in perpetuity. Related Terms:
Asset
Current Account Deficit
Deficit Spending Unit
Fiscal Deficit
Income
Liability
Perpetuity
Profit
Revenue Deficit
Surplus |