deficiency
Defined in 3 dictionaries — Case Law, U.S. Code, Black's (1910)
Definitions from Case Law
From 423 U.S. 161 - Laing v. United States · 1976Most cited · 596 citing opinions
the amount by which the tax imposed by subtitle A or B or chapter 42 or 43, exceeds the excess of "(1) the sum of "(A) the amount shown as the tax by the taxpayer upon his return, if a return was made by the taxpayer and an amount was shown as the tax by the taxpayer thereon, plus "(B) the amounts previously assessed (or collected without assessment) as a deficiency, over "(2) the amount of rebates, as defined in subsection (b)(2), made." 26 U.S.C.
United States Code
26 U.S.C. § 6211 — for purposes of this title (14 versions over time)
For purposes of this title in the case of income, estate, and gift taxes imposed by subtitles A and B and excise taxes imposed by chapters 41, 42, 43, and 44 the term “deficiency” means the amount by which the tax imposed by subtitle A or B, or chapter 41, 42, 43, or 44 exceeds the excess of—
(1) the sum of
(A) the amount shown as the tax by the taxpayer upon his return, if a return was made by the taxpayer and an amount was shown as the tax by the taxpayer thereon, plus
(B) the amounts previously assessed (or collected without assessment) as a deficiency, over—
(2) the amount of rebates, as defined in subsection (b)(2), made.
42 U.S.C. § 9832 — for purposes of this subchapter
The term “deficiency” means—
(A) a systemic or substantial material failure of an agency in an area of performance that the Secretary determines involves—
(i) a threat to the health, safety, or civil rights of children or staff;
(ii) a denial to parents of the exercise of their full roles and responsibilities related to program operations;
(iii) a failure to comply with standards related to early childhood development and health services, family and community partnerships, or program design and management;
(iv) the misuse of funds received under this subchapter;
(v) loss of legal status (as determined by the Secretary) or financial viability, loss of permits, debarment from receiving Federal grants or contracts, or the improper use of Federal funds; or
(vi) failure to meet any other Federal or State requirement that the agency has shown an unwillingness or inability to correct, after notice from the Secretary, within the period specified;
(B) systemic or material failure of the governing body of an agency to fully exercise its legal and fiduciary responsibilities; or
(C) an unresolved area of noncompliance.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A lack, shortage or insufficiency. The difference bstween the total amount of the debt or payment meant to be secured by a mortgage and that realized on foreclosure and sale when less than the total. A judgment or decree for the amount of such deficiency is called a "deficiency judgment" or "decree." Goldsmith v. Brown, 35 Barb. (N. Y.) 492.
— Deficiency bill. In parliamentary practice, an appropriation bill covering items of expense omitted from the general appropriation bili or bills, or for which insufficient appropriations were made. If intended to cover a variety of such items, it is commonly calied a "general deficiency bill;" if intended to make provision for expenses which must be met immediately, or which cannot wait the ordinal course of the general appropriation bills, it is called an "urgent deficiency bili."