Dace definition: A dace is a type of fish that lives in rivers and lakes . | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog English
A budgetary situation when the expenses incurred by the government are over and above the tax revenues taken in. Also called Federal Debt.
Democrats do have a point when they say that the federal deficit is going down. The deficit is a measure of a single yearâs shortfall, the difference between what the government takes in and what it spends. And in recent years, the deficit has been declining, thanks to the end of the recession and lower government spending.