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Deficit refers to the shortfall that occurs when a government's expenditures exceed its revenues in a given period, usually a fiscal year. Debt, on the other hand, is the total amount of money that a government owes, accumulated over time from past deficits. Essentially, a deficit is a flow measure (over a specific period), while debt is a stock measure (total outstanding liabilities at a point in time).
What else can I help you with?
What is the fine line difference between commercial debt and consumer debt?
Consumer debt is governed by the FDCPA....commercial debt is not.
What is the difference between a liquidated debt and an unliquidated debt?
The difference between an unliquidated debt and a liquidated debt is this: Liquidated Debt: A debt that has an exact monetary value. Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor. Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
What is the difference between debt settlement vs bankruptcy?
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
What is the difference between the federal dept and the federal deficit?
the debt is 15 trillion the defict is what they need to break even
What is the differnece between a 1994 and 1996 impala?
the year.
What is difference between dia inch and inch dia?
no differnece
What is the difference between a service and a combatant command?
differnece between a military sevice and a combatant command
What is the main differnece between the economies of Ecuador and Peru?
Ecuador exports petroleum and Peru does not.
What is the differnece between a hybrid dog and a hybrid car?
Count the legs. If there ANY, it is not a car.
What is the differnece between aliens?
That can only be answered if you tell Gregory ives at 26 milford street.
Differnece between typical and atypical?
Typical is an expected outcome; atypical would be an unexpected outcome.
What is the differnece between the javanese gamelan and the balinese gamelan?
awnser me now i need the awnser for my homework
How do you use the word defict on a sentence?
Defict is not a word. You could mean defect of deficit. Here are sentences for them: She brought the product back to the shop it was bought it as she had found a defect in it. The government deficit had dropped.
The differnece between governor and a senator?
a governor represents the state , a senator represents the state in washington, d.c.
What sypmtoms does Strattera treat in young children?
attention defict disorder
