Meaning & use
shrinkage
Last updated
The process or amount by which something becomes smaller, especially through loss, wear, or a decrease in size or value.
See it in a sentence
Retailers account for shrinkage due to theft and damaged goods.
The wool sweater suffered noticeable shrinkage after being washed in hot water.
A note on using this word
In retail, 'shrinkage' specifically refers to inventory loss from theft, fraud, or errors.
Words with a similar meaning
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Words with an opposite meaning
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