American English

Definition of deficit noun from the Oxford Advanced American Dictionary



    jump to other results
  1. 1(economics) the amount by which money spent or owed is greater than money earned in a particular period of time a budget/trade deficit The trade balance has been in deficit for the past five years. Topic CollocationsInternational Relationstrade facilitate/regulate trade (with other countries) form/join a trading bloc live in/compete in a global/the world economy support/promote free trade adopt/call for/oppose protectionist measures erect/impose/reduce/remove trade barriers impose/lift/raise/eliminate import tariffs (on something) have/run a huge/large/growing trade surplus/deficit embrace/resist/drive globalizationpolitics and law handle/talk about/discuss foreign policy pursue an aggressive/a hawkish foreign policy require/use/conduct diplomacy establish/break off/sever/restore diplomatic relations/ties foster/promote/strengthen regional cooperation facilitate/achieve economic/political integration exercise/defend/protect/transfer/restore/regain national/state/full/limited sovereignty consolidate/extend/lose/retain your power (in the region) hold/maintain/change/alter/shift the balance of power (in the region) cause/create/open/expose/heal/repair a deep/growing/major/serious rift between X and Ymeetings and agreements have/hold/host/attend an international conference/an economic forum/a G20 summit lead/launch a new round of global/multilateral/world trade negotiations send/head/lead/meet a high-level/an official/a trade delegation facilitate/begin/start/continue/resume peace talks be committed to/be opposed to/disrupt/undermine/derail/sabotage the peace process negotiate/achieve a lasting political settlement broker/sign a peace deal/agreement/treatyconflict be/constitute/pose a threat to global security compromise/endanger/protect national security justify/be in favor of/support/be against/oppose military intervention threaten/authorize/launch/take/support/oppose unilateral/preemptive military action impose/enforce/lift/end economic sanctions/an arms embargo/a naval blockade close/protect/secure/patrol the border lead/be involved in a peacekeeping operationaid negotiate/announce a $15 billion aid package/an economic stimulus package send/provide/request/cut off military aid bring/provide emergency/humanitarian relief deliver/distribute medical supplies/food supplies fund/run a foreign/a local/an international NGO reduce/eradicate/combat/fight child/global/world poverty compare surplus
  2. 2 the amount by which something, especially an amount of money, is too small or smaller than something else There's a deficit of $3 million in the total needed to complete the project. The team has to come back from a 2–0 deficit in the first half.
See the Oxford Advanced Learner's Dictionary entry: deficit