pilferage

  

Definitions (2)

1.Inventory control: Reduction in inventory caused by shoplifting, or petty thievery by the employees.
2.Marine insurance: Theft of a few pieces or a small quantity of a relatively large shipment. Some standard marine insurance policies do not cover pilferage.

Use pilferage in a sentence

  • Often, a small business will not take into account the inevitable percentage of stock that will be lost to pilferage.

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  • I knew we had a problem with pilferage and this would cause our company to lose a lot of profit over the next few months.

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  • You should make sure that you trust the people that work for you so that you do not have to worry about any pilferage.

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