Deficiency
Legal definition for Indian law research
Definition
deficiency
pl: -cies
: an amount that is lacking or inadequate: as
a : the difference between the amount of tax owed and the amount of tax paid
b : the difference between the amount owed under a security agreement and the amount the creditor is able to recover upon default of the debtor by selling the collateral
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.