An example of using the noun, deficit, is: "an annual operating deficit."

fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.

Primary deficit=Fiscal deficit-[minus] Interest payments

Monetized deficit is when the government prints money to pay down the deficit.