Meaning of the word pilferage in English

What does pilferage mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

pilferage

US /ˈpɪl.fər.ɪdʒ/
UK /ˈpɪl.fər.ɪdʒ/

Noun

the action of stealing small amounts of goods or money, especially from a workplace or store

Example:
The company implemented new security measures to reduce pilferage.
The store manager was concerned about the high rate of pilferage from the shelves.