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Meaning of slippage

slip•page

Pronunciation: (slip'ij), [key]
— n.
  1. an act or instance of slipping.
  2. an amount or extent of slipping.
  3. failure to maintain an expected level, fulfill a goal, meet a deadline, etc.; loss, decline, or delay; a falling off.
  4. the amount of work dissipated by slipping of parts, excess play, etc.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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