Deficit

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Revision as of 16:46, 5 August 2013 by imported>Doug Williamson (Spacing and indentation)
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  1. Pensions accounting. The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. For example, if the liabilities were 100 and the assets were 90, the deficit would be 100 - 90 = 10. (Not to be confused with the percentage funding level which in this example would be 90/100 = 90%.)
  2. More generally, any financial shortfall.

See also