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LSDefine
Simple English definitions for legal terms
casual deficit
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A quick definition of casual deficit:
Term: Casual Deficit
Definition: Casual deficit means not having enough money when you didn't expect it. It's like when you thought you had enough money to buy something, but then you realize you don't have enough. It's an unexpected shortage of funds.
A more thorough explanation:
Definition: A casual deficit is an unexpected shortage of money.
Example: John was planning to buy a new laptop, but he had to spend a lot of money on car repairs. This caused a casual deficit in his budget, and he had to postpone his laptop purchase.
Explanation: The example illustrates how an unforeseen expense can lead to a casual deficit. John had planned to buy a laptop, but he had to spend money on car repairs, which he had not anticipated. This caused a shortage of funds, which prevented him from buying the laptop. Casual deficits can happen to anyone, and they can be caused by various unexpected expenses, such as medical bills, car repairs, or home repairs.