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Define depleting. depleting synonyms, depleting pronunciation, depleting translation, English dictionary definition of depleting. tr.v. deÂ·pletÂ·ed , deÂ·pletÂ·ing , deÂ·pletes 1. To consume or reduce to a very low amount; use up: drought that depleted the stores of grain. 2.
Shrinkage. 1  Discrepancy between a firm's actual inventory and its recorded inventory due to theft, deterioration, loss, or clerical problems. 2  A reduction in inventory due to a loss, theft, deterioration, or accounting error. Deterioration is a normal part of trading perishable goods. For example, a grocery store selling milk will likely experience shrinkage due to some of the milk spoiling. Shrinkage can be a tax write-off for the company experiencing it.