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shortage

deficit / scarcity / lack / insufficiency
Noun
pl: shortages

This term describes a gap between the available supply and the required demand. It carries a sense of urgency or crisis, often appearing in news reports regarding resources, labor, or essential commodities. While it describes a lack, it specifically implies that the item is normally available but is currently insufficient. In financial contexts, the word refers to a precise numerical deficit. It is used strictly to describe the missing amount in a balance or ledger, rather than a general lack of wealth.

Meanings

Noun

A situation in which there is not enough of something that is needed.

"The country is facing a severe wheat shortage this year."

Noun

A deficit in a sum of money, especially in a cash drawer or account.

"The cashier discovered a ten dollar shortage at the end of the shift."

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Last Updated: June 12, 2026Report an Error