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Finance Dictionary and Glossary of Investment Terms
Shrinkage
Definition 1.
Discrepancy between a firm's actual inventory and its recorded inventory due to theft, deterioration, loss, or clerical problems.
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Definition 2.
Inventory recorded on a company's books but not on hand, due to theft, loss or accounting error.
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Definition 3.
The amount by which inventory on hand is shorter than the amount of inventory recorded.
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