deficiency

deficiency: The amount by which a project's cash flow is not adequate to meet debt service. Bloomberg Financial Dictionary

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deficiency UK US /dɪˈfɪʃ^ənsi/ noun [C] (plural deficiencies)

► [C] a situation in which something is not as good as it should be: a deficiency in sth »The audit revealed deficiences in the accounting system.
»an operations/performance/service deficiency
identify/highlight a deficiency »We need to identify any deficiencies in the system and address them immediately.
»address/correct/remedy a deficiency

► ACCOUNTING the amount by which something such as income or profit is less than it should be: a deficiency in sth »They are not permitted to borrow additional funds as long as any deficiency exists in the capital reserve fund.
»The accounts show a balance sheet deficiency - the amount by which liabilities exceed assets - of £13.19m at December 31.
»The company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern.

► US TAX, ACCOUNTING the amount by which the tax recorded in someone's financial records is less than the tax they actually owe, or a situation in which this happens: »The IRS notified him that he was subject to a $10000 tax deficiency for the 2009 tax year.

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deficiency — de·fi·cien·cy /di fi shən sē/ n pl cies: an amount that is lacking or inadequate: as a: the difference between the amount of tax owed and the amount of tax paid b: the difference between the amount owed under a security agreement and the amount… … Law dictionary
Deficiency — De*fi cien*cy, n.; pl. {Deficiencies}. [See {Deficient}.] The state of being deficient; inadequacy; want; failure; imperfection; shortcoming; defect. A deficiency of blood. Arbuthnot. [1913 Webster] [Marlborough] was so miserably ignorant, that… … The Collaborative International Dictionary of English
deficiency — deficiency. См. дефишиенси. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) … Молекулярная биология и генетика. Толковый словарь.
deficiency — 1630s, from deficience (mid 15c.) + CY (Cf. cy); or from L.L. deficientia, from deficientem (see DEFICIENT (Cf. deficient)) … Etymology dictionary
deficiency — *imperfection, shortcoming, fault Analogous words: *lack, want, dearth, defect: flaw, *blemish: *failure, neglect, default, miscarriage, dereliction Antonyms: excess … New Dictionary of Synonyms
deficiency — [n] imperfection, inadequacy absence, bug*, dearth, defalcation, default, defect, deficit, demerit, dereliction, failing, failure, fault, flaw, frailty, glitch*, inability to hack it*, insufficience, insufficiency, lack, loss, need, neglect,… … New thesaurus
deficiency — ► NOUN (pl. deficiencies) 1) a lack or shortage. 2) a failing or shortcoming … English terms dictionary
deficiency — [dē fish′ən sē, difish′ən sē] n. [ME deficience < LL deficientia < L deficiens, prp. of deficere to lack, fail < de , from + facere, to DO1] 1. the quality or state of being deficient; absence of something essential; incompleteness 2. pl … English World dictionary
deficiency — A lack, shortage, or insufficiency. The amount by which the tax properly due exceeds the sum of the amount of tax shown on a taxpayer s return plus amounts previously assessed or collected as a deficiency, less any credits, refunds or other… … Black's law dictionary
deficiency — A lack, shortage, or insufficiency. The amount by which the tax properly due exceeds the sum of the amount of tax shown on a taxpayer s return plus amounts previously assessed or collected as a deficiency, less any credits, refunds or other… … Black's law dictionary

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deficiency

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