Business Terms and Jargon Explained

What is Shrinkage

This is loss of goods through shoplifting and other types of stealing within a business. This should be a very small amount and management strives to reduce this to zero. In some industry e.g. retail, it is realistic in large operations to cater for a very small percentage.

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Acquirer Plaintiff Committal proceedings
Kerning Instalment Primary legislation
Natural Person Amortisation FMCG
Financial Capital Fringe time Customer information order
Interest Orse Warranty of Authority
Life Interest Per curiam CHIP and PIN
Ex concessis Ransomware Loading Pass
Cartel Merit Good Uuencode
Information Commissioner Prime costs Unitholder
Baht Cipher Alias
Witness summons List Price Outsourcing
BTI Tariff Quotas Case stated
Journal Official Solicitor Bonded Goods

Term created / updated 2006-11-01 23:40:30

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