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Deficit

Level

Associate

'Deficit' refers to a situation where something is less than the required amount. In simple terms, if are more than , you would say there is a deficit.

Context

Business

In business finance, 'deficit' can refer to a financial situation where costs are higher than . A CEO might say, 'Our company is currently running at a deficit and we need to increase our sales to close this .'

Practice Professional Conversation

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