Definition of Deficet

Definition of Deficet

Def"i*cit (?), n. [Lit., it is wanting, 3d person pres. indic. of L. deficere, cf. F. déficit. See Defect.] Deficiency in amount or quality; a falling short; lack; as, a deficit in taxes, revenue, etc. Addison.

- Webster's Unabridged Dictionary (1913)

For a state, the fact of spending more than its revenues.

- The Nuttall Encyclopedia

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The correct Spelling of this word is: Deficit

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