shrinkage
shrin
ˈʃrɪn
shrin
kage
kɪʤ
kij
British pronunciation
/ʃɹˈɪŋkɪd‍ʒ/

Definition & Meaning of "shrinkage"in English

Shrinkage
01

the process of something getting smaller or decrease in size

example
Examples
The shrinkage of the sweater after washing made it unwearable.
02

loss of inventory due to theft (shoplifting), damage, or errors in recording

example
Examples
The store installed security cameras to reduce shrinkage from shoplifting.
03

the amount by which something shrinks

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