Deficit definition

Deficit means an excess of liabilities and reserves of a fund over its assets.

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Deficit means total annual revenues minus total annual expenditures.

Deficit means a situation for any fund of a municipality in which, at the end of a fiscal year, total expenditures, including an accrued deficit, exceeded total revenues for the fiscal year, including any surplus carried forward.

Examples of Deficit in a sentence

• For the avoidance of doubt, the Parties agree that the “Transaction Expenses” set forth on the Closing Statement shall include any and all Transaction Expenses incurred or becoming known post-Closing to the extent such Transaction Expenses relate to any pre-Closing obligations or matters (including pursuant to Section 4.3.8 or otherwise), and all such Transaction Expenses shall be taken into account for purposes of the determination of any Excess or Deficit pursuant to Section 2.4(b)(v).

• Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee simultaneously with the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption.

More Definitions of Deficit

Deficit means a unit of measure generated when a

Deficit means a unit of measure generated when a transportation fuel with a carbon intensity that is greater than the applicable standard adopted by the department under section 3 of this act is produced, imported, or dispensed for use in Washington, such that one deficit is equal to one metric ton of carbon dioxide equivalents.

Deficit shall have the meaning set forth in Section 2.2 hereof.

Deficit has the meaning given in Section 8.2(a).

Deficit means the net excess of expenditure over income;

Deficit means the occurrence when expenditures exceed revenues.

Deficit means the amount by which actual expenses exceeds the event fee. (1.1.3 e))