Etymology
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shrinkage (n.)

1713, "act or fact of shrinking, contraction of a material to a smaller surface or bulk," from shrink (v.) + -age. The meaning "amount by which something has shrunk" is by 1862.

updated on September 20, 2022

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Definitions of shrinkage from WordNet

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
Etymologies are not definitions. From wordnet.princeton.edu, not affiliated with etymonline.