Etymology
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shrinkage (n.)

1713, "act or fact of shrinking," from shrink (v.) + -age. Meaning "amount by which something has shrunk" is from 1862.

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Definitions of shrinkage

shrinkage (n.)
process or result of becoming less or smaller;
the material lost 2 inches per yard in shrinkage
Synonyms: shrinking
shrinkage (n.)
the amount by which something shrinks;
shrinkage (n.)
the act of stealing goods that are on display in a store;
shrinkage is the retail trade's euphemism for shoplifting
Synonyms: shoplifting
From wordnet.princeton.edu