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 the creditor is able to recover upon default of the debtor by selling the collateral

Merriam-Webster’s Dictionary of Law. . 1996.

deficiency
I noun absence, dearth, defect, deficit, deprivation, destitution, failing, failure to comply, falling short, fault, faultiness, flaw, foible, impairment, imperfection, inadequacy, inadequateness, incompleteness, incompletion, infirmity, insufficiency, lack, loss, meagerness, need, noncompletion, nonfulfillment, nonperformance, omission, paucity, penury, poverty, privation, scarcity, short supply, shortage, shortcoming, sparsity, ullage, want, weakness associated concepts: deficiency assessment, deficiency bill, deficiency decree, deficiency judgment, deficiency tax, income tax deficiency, liability for deficiency, mental deficiency, notice of deficiency, recovery of deficiency, tax deficiency II index absence (omission), dearth, defect, deficit, delinquency (shortage), disadvantage, failure (falling short), fault (weakness), flaw, foible, frailty, handicap, insufficiency, mediocrity, need (deprivation), paucity, poverty, vice

Burton's Legal Thesaurus. . 2006


deficiency
n.
A lack; a shortcoming; in taxation, the amount of tax owed that has not been paid on time.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


deficiency
1) In tax, a difference found by the IRS between a taxpayers reported tax liability and the amount of tax the IRS says that the taxpayer should have reported.
2) In lending, the remaining balance of the debt after the security for the loan has been sold following repossession or foreclosure.
Category: Back Taxes & Tax Debt
Category: Business, LLCs & Corporations
Category: Bankruptcy, Foreclosure & Debt → Student Loan Debt
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies
Category: Personal Finance & Retirement → Taxes

Nolo’s Plain-English Law Dictionary. . 2009.


deficiency
A shortage or insufficiency. The amount by which federal income tax due exceeds the amount reported by the taxpayer on his or her return; also, the amount owed by a taxpayer who has not filed a return. The outstanding balance of a debt secured by a mortgage after the mortgaged property has been sold to satisfy the obligation at a price less than the debt.

Dictionary from West's Encyclopedia of American Law. 2005.


deficiency
A shortage or insufficiency. The amount by which federal income tax due exceeds the amount reported by the taxpayer on his or her return; also, the amount owed by a taxpayer who has not filed a return. The outstanding balance of a debt secured by a mortgage after the mortgaged property has been sold to satisfy the obligation at a price less than the debt.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Synonyms:

Look at other dictionaries:

  • 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

  • deficiency — The amount by which a project s cash flow is not adequate to meet debt service. Bloomberg Financial Dictionary * * * deficiency UK US /dɪˈfɪʃənsi/ noun [C] (plural deficiencies) ► [C] a situation in which something is not as good as it should be …   Financial and business terms

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