deficiency

n., pl., -cies.

1. The quality or condition of being deficient; incompleteness or inadequacy.
2. A lack or shortage, especially of something essential to health; an insufficiency: a nutritional deficiency.

In mortgage finance, the shortfall of funds recovered through the sale of property securing a foreclosed loan compared to the amount of debt, accrued interest, foreclosure expenses, and damages incurred by the lender. See Deficiency Judgment.
Example: A lender foreclosed a mortgage loan with outstanding principal balance of $100,000 and accrued interest of $2,000. At the foreclosure sale, the property brought $80,000. The lender claimed a deficiency of $22,000 plus expenses when filing for a judgment in the courts.

Additional tax liability that the IRS deems to be owed by a taxpayer. A taxpayer can argue the correctness of a deficiency with the IRS. If unsuccessful, the taxpayer can appeal to the Tax Court.

also deficience

noun

The condition or fact of being deficient: defect, deficit, inadequacy, insufficiency, lack, paucity, poverty, scantiness, scantness, scarceness, scarcity, shortage, shortcoming, shortfall, underage. See excess/insufficiency/enough.

n

Definition: imperfection, inadequacy
Antonyms: adequacy, enough, faultlessness, perfection, plenty, satisfaction, sufficiency, superfluity

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n

A lack or defect.

This entry contains information applicable to United States law only.

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.

A lack or shortage; a condition characterized by the presence of less than the normal or necessary supply or competence.

• antidiuretic hormone d. — see diabetes insipidus.
• clotting factor d. — see clotting.
• Hageman factor d. — see clotting.
• nutritional d. — see under specific nutritional factors.
• Stuart factor d. — see clotting.

IN BRIEF: An amount short of what is needed; shortage.

A deficiency of vitamin C causes scurvy.

Dansk (Danish)
n. - ufuldkommenhed, mangelfuldhed, underskud, manko, efterslæb

Nederlands (Dutch)
gebrek, tekort, onvolkomenheid

Français (French)
n. - manque, insuffisance, défaut de, (Méd) carence, déficience de, imperfection, faille, faiblesse (dans), (Fin) déficit, découvert

Deutsch (German)
n. - Fehler, Mangel, Defizit

Ελληνική (Greek)
n. - έλλειψη, ανεπάρκεια, ατέλεια ή ελάττωμα, κουσούρι

Italiano (Italian)
difetto, mancanza, deficienza

Português (Portuguese)
n. - deficiência (f)

Русский (Russian)
недостаток, дефицит

Español (Spanish)
n. - defecto, falla, déficit, deficiencia

Svenska (Swedish)
n. - bristfällighet, ofullständighet

中文（简体）(Chinese (Simplified))
缺乏, 不足

中文（繁體）(Chinese (Traditional))
n. - 缺乏, 不足

한국어 (Korean)
n. - 결여, (신체의) 결함, 결손

日本語 (Japanese)
n. - 不足, 欠乏, 不足量, 欠陥

العربيه (Arabic)
‏(الاسم) نقص شئ ضروري‏

עברית (Hebrew)
n. - ‮חוסר, מחסור, ליקוי, פגם‬

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