0 a state of not having, or not having enough, of something that is needed: --
1 the lack of something that is needed in order to meet a particular standard or level of quality, or the thing that is lacking: --
2 a situation in which something is not as good as it should be: --
a deficiency in sth The audit revealed deficiences in the accounting system.
an operations/performance/service deficiency
identify/highlight a deficiency We need to identify any deficiencies in the system and address them immediately.
3 the amount by which something such as income or profit is less than it should be: --
a deficiency in sth They are not permitted to borrow additional funds as long as any deficiency exists in the capital reserve fund.
The accounts show a balance sheet deficiency - the amount by which liabilities exceed assets - of £13.19m at December 31.
The company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern.
4 the amount by which the tax recorded in someone's financial records is less than the tax they actually owe, or a situation in which this happens: --
We can complete it step by step however long the road is and it can't be completed however short the road is if you don't even mark your footprint.
We kunnen het stap voor stap voltooien, hoe lang de weg ook is en het kan niet worden voltooid, hoe kort de weg ook is, als je niet eens je voetafdruk markeert.