What is DEFICIT?

Something wanting, generally in the accounts of one intrusted withmoney, or in the money received by him. Mutual L. & B. Ass’n v. Price, 19 Fla. 135.

More On This Topic

Link to This Definition
Did you find this definition of DEFICIT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary