deficiency
B1CEFR level
30/100Rarity: fairly common
TechnicalRegister
Law noun
The shortfall remaining owed to a creditor after the realisation of security or distribution of assets.
Following the sale, the lender proved for the deficiency as an unsecured creditor.
Business noun
The shortfall still owed by a borrower after collateral has been sold for less than the outstanding debt.
After the foreclosure sale, the bank pursued him for a deficiency of forty thousand pounds.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
Get words like deficiency on your lock screen, a few a day, with review that makes them stick.
Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
On a computer?Scan with your iPhone camera.