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- For a state, the fact of spending more than its revenues.
- The Nuttall Encyclopedia
Def"i*cit (?), n. [Lit., it is
wanting, 3d person pres. indic. of L. deficere, cf. F.
déficit. See Defect.] Deficiency in amount
or quality; a falling short; lack; as, a deficit in taxes,
revenue, etc. Addison.
- Webster's Unabridged Dictionary (1913)
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The correct spelling of this word ought to be: Deficit
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