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.
Updated December 22, 2016. âDefinition: A budget deficit is when spending exceeds income. The term usually applies to governments, although individuals, companies, and other organizations can run deficits. There are immediate penalties for most organizations that run persistent deficits.