<p><strong>Noun:</strong></p><ul><li>The amount by which a sum of money falls short of the required amount.</li><li>The amount by which expenditures or liabilities exceed income or assets.</li><li>A lack or shortage; deficiency.</li><li>A disadvantage, impairment, or handicap: The team's major deficit is its poor pitching.</li><li>A loss, as in the operation of a business.</li></ul><p><strong>End of Response</strong></p>