deficit
//ˈdefɪsɪt//
Noun
deficitsPlural
1
The amount by which something, especially a sum of money, is too small or less than required; a shortfall.
The company reported a budget deficit of $2 million this year.
2
An excess of expenditure or liabilities over income or assets in a given period, especially in a government budget or business account.
The government is struggling to reduce the budget deficit.
3
A deficiency or lack in a specific quality, ability, or function.
The patient showed a cognitive deficit after the injury.