<p><strong>Noun:</strong></p><ul><li>the act or fact of shrinking</li><li>the amount or degree of shrinking</li><li>reduction or depreciation in quantity, value, etc.</li><li>contraction of a fabric in finishing or washing</li><li>the difference between the original weight of livestock and that after it has been prepared for marketing</li><li>loss of merchandise through breakage, pilferage, shoplifting, etc.</li></ul>