IPA: /ɪnˌsʌfɪˈʃənsi/
KK: /ɪnˌsʌfɪˈʃənsi/
The state of not having enough of something, such as resources or abilities, to meet a need or requirement.
The project was delayed due to an insufficiency of funds.
Insufficiency is formed from "in-" (meaning not) and "sufficere" (meaning to be enough or to suffice) and the suffix "-ency" (indicating a state or condition). The word describes the state of not being enough or lacking in quantity or quality.
Think of 'not' ('in-') being enough ('sufficere') — that's why insufficiency means a lack of adequacy.