SHRINKAGE Definition

Bookmark and Share

SHRINKAGE is: 1. the amount by which something shrinks; 2. process or result of becoming less or smaller (Example: "The material lost 2 inches per yard in shrinkage") or, 3. the act of stealing goods that are on display in a store (Example: "Shrinkage" is the retail trades euphemism for shoplifting).

Learn new Accounting Terms

COMPOUND INTEREST PRINCIPLE is where the interest is computed on principal plus interest earned in previous periods.

MARKETABLE SECURITY is a readily tradable equity or debt security with quoted prices; to include commercial paper and Treasury bills. It is a "close to cash" asset which is classified as a current asset.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.