Background for slippage

slippage

/ˈslɪpɪdʒ/

Illustration slippage - Image 1

noun

The act of slipping, especially from a secure location.

Examples :

"The construction worker reported a dangerous slippage of soil near the foundation, requiring immediate stabilization. "

action condition situation business technical

Illustration slippage - Image 1

noun

The amount by which something has slipped.

Examples :

"The contractor measured the slippage of the new tiles to ensure they were properly installed. "

amount gap business economy technical

Illustration slippage - Image 1

noun

A lessening of performance or achievement.

Examples :

"Supply-chain problems led to a slippage in production last week."

achievement business economy finance

Illustration slippage - Image 1

noun

A decrease in motion, or in the power of a mechanical system due to slipping.

Examples :

"The old bicycle chain experienced significant slippage, making it difficult to pedal uphill. "

technical physics machine

Illustration slippage - Image 1

noun

The difference between estimated and actual transaction costs.

Examples :

"The estimated cost for the school trip was $500, but there was a significant slippage of $25, meaning the actual cost ended up being $525. "

business finance economy