The act or process of slipping or sliding, often resulting in a loss of position or control. The slippage of the car on the icy road caused a minor accident.
A delay or deviation from a planned schedule, budget, or level of performance, resulting in falling behind the intended target. Any slippage in the delivery schedule will lead to additional costs.
In finance, the difference between the expected price of a trade and the actual price at which the trade is executed. The trader was concerned about slippage affecting the profitability of his transactions.
The downward movement or subsidence of soil, rock, or a constructed element. Engineers monitored the slippage of the hillside after heavy rain.