Main Entry: shrink·age

Pronunciation: \ˈshriŋ-kij, especially Southern ˈsriŋ-\

Function: noun

Date: 1800

1 : the act or process of shrinking
2 a : the loss in weight of livestock during shipment and in the process of preparing the meat for consumption b : the loss of goods especially by theft <inventory shrinkage>
3 : the amount lost by shrinkage