pilferage definition

pilferage

Inventory control: Reduction in inventory caused by shoplifting, or petty thievery by the employees.

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.

pilferage is in the Accounting & Auditing, General, Marine, & Life Insurance and Inventory Control & Storage subjects.

pilferage appears in the definitions of the following terms: perpetual inventory method (PIM), blind marking, shrinkage, shrinkage factor, replacement factor and inventory shrinkage

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