Deficit definition

Deficit means an excess of liabilities and reserves of a fund over its assets.
Deficit means total annual revenues minus total annual expenditures.
Deficit means a situation for any fund of a municipality in which, at the end of a fiscal year, total expenditures, including an accrued deficit, exceeded total revenues for the fiscal year, including any surplus carried forward.

Examples of Deficit in a sentence

  • In addition many children who have a medical Children who don’t fit in: Challenges to the Concept of Inclusivity & Multi-Agency Collaboration diagnosis, for example, Attention Deficit Hyperactivity Disorder (ADHD), Autistic Spectrum Disorder or Development Co- ordination Disorder (DCD), have many other social, behaviour and learning difficulties which impact on their day to day life at home and at school and for which they receive little help.

  • Contractor shall be in compliance with the Deficit Reduction Act of 2005, Section 6032 Implementation.

  • Contractor shall have a current administrative manual which includes: personnel policies and procedures, general operating procedures, service delivery policies, any required State or Federal notices (Deficit Reduction Act), and procedures for reporting unusual occurrences relating to health and safety issues.


More Definitions of Deficit

Deficit means a unit of measure generated when a
Deficit means a unit of measure generated when a transportation fuel with a carbon intensity that is greater than the applicable standard adopted by the department under section 3 of this act is produced, imported, or dispensed for use in Washington, such that one deficit is equal to one metric ton of carbon dioxide equivalents.
Deficit shall have the meaning set forth in Section 2.2 hereof.
Deficit has the meaning given in Section 8.2(a).
Deficit means the occurrence when expenditures exceed revenues.
Deficit means the net excess of expenditure over income;
Deficit means the amount by which actual expenses exceeds the event fee. (1.1.3 e))