deficit
/ˈdɛfəsɪt; Brit. also dɪˈfɪsɪt/ Show Spelled Pronunciation [def-uh-sit; Brit. also di-fis-it] Show IPA Pronunciation
–noun
1.
the amount by which a sum of money falls short of the required amount.
2.
the amount by which expenditures or liabilities exceed income or assets.
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