Pilferage

Pilferage,

Definition of Pilferage:

  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.

  3. The action of stealing things of little value.

How to use Pilferage in a sentence?

  1. 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.
  2. You should make sure that you trust the people that work for you so that you do not have to worry about any pilferage .
  3. Surveillance practices reduce theft and pilferage in the workplace.
  4. Often, a small business will not take into account the inevitable percentage of stock that will be lost to pilferage .

Meaning of Pilferage & Pilferage Definition