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.
While a deficit describes the relationship between spending and revenues in a single year, the federal debt-also referred to as the national debt-is the sum of all past deficits, minus the amount the federal government has since repaid.