Definition from Wiktionary, the free dictionary
See also: short-fall
shortfall (plural shortfalls)
- An instance of not meeting a quota, debt, or monthly payment on a debt or other obligation, or of having an insufficient amount to cover such obligations.
- Due to a shortfall in revenue we will have to make some cuts.
- The amount by which a quota, debt, or monthly payment on a debt or other obligation is missed; the difference between the actual quota or debt and the lesser amount available to pay such obligations.
An instance of not meeting a quota or of having an insufficient amount