deficitn.

/ˈdɛfɪsɪt/

/ˈdiːfɪsɪt/

Etymology: < French déficit (1690 in Hatzfeld & Darmesteter), < Latin dēficit ‘it is wanting, there is wanting’ ( < dēficĕre : see deficient adj. and n.), formerly used in inventories, etc., to designate things wanting.

A falling short, a deficiency; the amount by which a sum of money, or the like, falls short of what is due or required; the excess of expenditure or liabilities over income or assets.

ΘΚΠ

society > trade and finance > money > sum of money > [noun] > sum by which something falls short

deficiency1719

deficit1782

the world > relative properties > quantity > insufficiency > [noun] > deficiency, lack, or shortage > shortfall > amount of

defect1598

deficiency1719

deficit1782

wantum1938

1782 Gentleman's Mag. 52 122/1 The deficit in the accounts of men entrusted with public employment.

1787 T. Jefferson Writings (1859) II. 209 They see a great deficit in their revenues.

1817 J. Bentham Parl. Reform Catech. (1818) 75 In congress, where, in the very last year, there was a surplus..instead of a deficit, as here.

1861 G. M. Musgrave By-roads in Picardy 215 The hardier sex was compelled to make good the deficit arising from the withdrawal of female exertion.

1879 H. Fawcett in 19th Cent. Feb. 194 (Government of India) Deficits have been repeatedly recurring, and debt has been steadily and surely accumulated.

Draft additions 1993

2. Compounds.

deficit financing n. the financing of (esp. government) expenditure in excess of revenue, with the difference made up by borrowing; cf. pump-priming n.

ΘΚΠ

society > trade and finance > management of money > management of national resources > [noun] > political economy > an economic policy > specific policies and actions

protection1719

co-operation1817

tariff-reform1859

monetary union1866

border protection1875

rationalization1875

tariffication1892

tariffade1904

inflationism1919

NEP1923

war communism1928

voodoo economics1930

substantivism1931

sterilization1938

deficit spending1941

deficit financing1943

tax-and-spend1956

indexation1960

stop-go1964

incomes policy1965

scala mobile1965

quantitative easing1966

jawboning1969

Nixonomics1969

developmentalism1970

degrowth1971

inflation-proofing1973

NEB1973

dollarization1982

fiscal engineering1982

Rogernomics1985

1943 J. M. Keynes Coll. Writings (1980) XXVII. 353 I am sure that, if serious unemployment does develop, deficit financing is absolutely certain to happen.

1964 J. Gould & W. L. Kolb Dict. Social Sci. 561/2 Deficit financing might be relied upon to stimulate the economy so that it will move towards full employment.

1985 Investors Chron. 8 Nov. 30/1 The interest can be recovered immediately by development yields to avoid deficit-financing until the first rent-review.

deficit spending n. expenditure (esp. governmental) which is in excess of revenue, and is financed by borrowing rather than by taxation.

ΘΚΠ