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English definition of “slippage”

slippage

noun [C, usually singular or U]     /ˈslɪpɪdʒ/
a reduction in the level or amount of something: Every slippage on the stock exchange brought fear and wild accusations .a slippage in sth Exports will offset the slippage in domestic demand . There has been a greater slippage in labour standards in the North than in the South .
a failure to happen or finish on time : News of the delay in production was not surprising , and observers expect further slippage. the slippage of the book's publication date timetable / schedule slippage
FINANCE the difference between an expected result and the real result : A slippage of about £3 billion will be announced by the Treasury this week .margin/revenue slippage The $2 million is not enough to make up for the expected revenue slippage.
(Definition of slippage noun from the Cambridge Business English Dictionary © Cambridge University Press)
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