shrinkage meaning and definition

SHRINKAGE noun

Definition of shrinkage (noun)

1. process or result of becoming less or smaller
   • "the material lost 2 inches per yard in shrinkage"
   • synonyms: shrinking
2. the amount by which something shrinks
3. the act of stealing goods that are on display in a store
   • "shrinkage is the retail trade's euphemism for shoplifting"
   • synonyms: shoplifting