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.
When referring to accrued federal government deficits, the term national debtâ is used. The opposite of a budget deficit is a budget surplus, and when inflows equal outflows, the budget is said to be balanced.