Deficit definition

Deficit means an excess of liabilities and reserves of a fund over its assets.

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.

Deficit means total annual revenues minus total annual expenditures.

Examples of Deficit in a sentence

• If the amount of any Distribution made to the Class B Members pursuant to Section 4.1 of the Agreement is decreased as a result of the application of Section 4.3 of the Agreement (the amount of such reduction, the “Distribution Deficit”), EQT shall pay or cause to be paid to the Company, by wire transfer of immediately available funds, an amount equal to the Distribution Deficit within 30 days of the date of the Distribution that gave rise to such Distribution Deficit.

• Upon receipt of such funds from EQT, the Company shall promptly pay or cause to be paid to the Class B Members, an amount equal to such Distribution Deficit.

• Within one (1) day of the occurrence of a Reserved Shares Deficit, the Company shall provide notice to each Purchaser of the number of Reserved Shares and the Reserved Shares Deficit, and within one (1) day of the cure of any Reserved Shares Deficit, the Company shall provide notice to each Purchaser of such cure.

More Definitions of Deficit

Deficit means a unit of measure generated when a

Deficit shall have the meaning set forth in Section 2.2 hereof.

Deficit means the occurrence when expenditures exceed revenues.

Deficit has the meaning given in Section 8.2(a).

Deficit means the amount by which actual Expenses exceeds the Event Fee.

Deficit means the net excess of expenditure over income;

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 ((RCW 70A.535.020)) section 408 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.