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Deviation vs Deficit - What's the difference?

deviation | deficit |

As nouns the difference between deviation and deficit

is that deviation is the act of deviating; a wandering from the way; variation from the common way, from an established rule, etc.; departure, as from the right course or the path of duty while deficit is deficiency in amount or quality; a falling short; lack.

deviation

English

Noun

(en noun)
  • The act of deviating; a wandering from the way; variation from the common way, from an established rule, etc.; departure, as from the right course or the path of duty.
  • The state or result of having deviated; a transgression; an act of sin; an error; an offense.
  • (contract law) The voluntary and unnecessary departure of a ship from, or delay in, the regular and usual course of the specific voyage insured, thus releasing the underwriters from their responsibility.
  • (Absolute Deviation) The shortest distance between the center of the target and the point where a projectile hits or bursts.
  • (statistics) For interval variables and ratio variables, a measure of difference between the observed value and the mean.
  • (metrology) The signed difference between a value and its reference value.
  • Derived terms

    * absolute deviation * average deviation * deviation ratio * immune deviation * mean deviation * quartile deviation * relative deviation * sexual deviation * signed deviation * standard deviation

    deficit

    English

    Noun

    (en noun)
  • Deficiency in amount or quality; a falling short; lack.
  • A situation wherein, or amount whereby, spending exceeds government revenue.
  • * 2013 September 28, , " London Is Special, but Not That Special," New York Times (retrieved 28 September 2013):
  • Economically, too, London is startlingly different. The capital, unlike the country as a whole, has no budget deficit : London’s public spending matches the taxes paid in the city. The average Londoner contributes 70 percent more to Britain’s national income than people in the rest of the country.
  • *
  • Synonyms

    * fiscal deficit

    Derived terms

    * fiscal deficit * trade deficit

    References

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