Terms Beginning With 'd'

Deficit

  • January 15, 2020
  • Team Kalkine

When the total money received falls short of total money spent, the difference is termed as a deficit. A deficit occurs when imports exceed exports, expenses surpass revenues, or liabilities outstrip assets. For instance, a budget deficit arises when a business, country or an individual’s spending exceeds the revenue generated over a period of time. As deficit increases one’s debt, it is not believed to be financially healthy.

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