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Defatting (medical)  Defatting is the chemical dissolving of dermal lipids, from the skin, on contact with defatting agents. This can result in water loss from the affected area and cause the whitening and drying of the skin which may result in cracking, secondary infection and chemical irritant contact dermatitis. Cause
Definition: Deflation is when asset and consumer prices fall over time. This may seem like a great thing for shoppers, except that the cause of widespread deflation is a long-term drop in demand. It means that a recession is probably underway. That brings job losses, declining wages and a big hit to your stock portfolio. As a recession worsens, so does deflation.