{
    "term": "deficit",
    "partOfSpeech": "noun",
    "ox5000": true,
    "cefr": "c1",
    "definitions": [
        {
            "senseNumber": 1,
            "definition": "the amount by which money spent or owed is greater than money earned in a particular period of time",
            "sensetop": "in deficit",
            "labels": "(economics)(US English)(British English)(North American English)",
            "cefr": "c1",
            "examples": [
                {
                    "text": "a **budget deficit**"
                },
                {
                    "text": "The trade balance has been in deficit for the past five years.",
                    "contextForm": "in deficit"
                },
                {
                    "text": "a budget deficit running at 7% of GDP"
                },
                {
                    "text": "The UK remained in deficit with all countries outside the EU."
                },
                {
                    "text": "If the government didn't run such huge deficits, the country would not have financial problems."
                },
                {
                    "text": "The company has run up a deficit of £30 000."
                },
                {
                    "text": "The government was forced to sell state-owned companies to fund the budget deficit."
                },
                {
                    "text": "The trade balance shows a deficit of two million dollars."
                },
                {
                    "text": "You cannot cut a budget deficit simply by raising taxes."
                },
                {
                    "text": "to prevent the country from moving into deficit"
                }
            ],
            "topics": ["Business"],
            "collocations": {
                "adjective": ["enormous", "huge", "large"],
                "verb + deficit": ["face", "have", "run"],
                "deficit + verb": ["run at something", "grow", "increase"],
                "preposition": ["in deficit", "deficit with"]
            }
        },
        {
            "senseNumber": 2,
            "definition": "the amount by which something, especially an amount of money, is too small or smaller than something else",
            "labels": "(formal)",
            "cefr": "c1",
            "examples": [
                {
                    "text": "There's a deficit of $3 million in the total needed to complete the project."
                },
                {
                    "text": "The team has to come back from a 2–0 deficit in the first half."
                },
                {
                    "text": "We will find it hard to make up this deficit."
                },
                {
                    "text": "United are hoping to overturn a two-goal deficit from the first leg."
                }
            ],
            "collocations": {
                "adjective": ["enormous", "huge", "large"],
                "verb + deficit": ["face", "have", "run"],
                "deficit + verb": ["run at something", "grow", "increase"],
                "preposition": ["in deficit", "deficit with"]
            }
        }
    ],
    "pronunciations": {
        "uk": [
            {
                "pronunciation": "/ˈdefɪsɪt/",
                "audio": "de/deficit/deficit__gb_1.mp3"
            }
        ],
        "us": [
            {
                "pronunciation": "/ˈdefɪsɪt/",
                "audio": "de/deficit/deficit__us_1.mp3"
            }
        ]
    },
    "wordOrigin": "late 18th cent.: via French from Latin deficit ‘it is lacking’, from the verb deficere ‘desert or fail’, from de- (expressing reversal) + facere ‘do’."
}