Definition of 'shrinkage'

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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

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