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.
Deficit spending by the US government is defined by: A budget process which allocates more money to spend than it predicts will be received in tax revenue (unlike an accidental bank overdraft) An approved borrowing limit which the US Treasury cannot exceed without authorization.