Words / W / Business

wastage

noun/ˈweɪstɪdʒ/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

The loss of materials through spoilage, scrap, or evaporation during production.

The standard cost built in a small allowance for wastage, but actual scrap ran well above it.

Similar: spoilage, loss

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting