n. An instance of not meeting a quota or of having an insufficient amount.
n. The amount by which a quota is missed; the amount missing.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. the property of being an amount by which something is less than expected or required
Word Usage
"However, Basu and other economists suggest that the majority of the shortfall is because of the bad economy rather than the way Marylanders reacted to the tax increase."