breakage: Meaning and Definition of

break•age

1. the act of breaking; state of being broken.
2. the amount or quantity of things broken: There was a great deal of breakage in that shipment of glassware.
3. an allowance or compensation for the loss or damage of articles broken in transit or in use.
4. the money accrued by a racetrack from calculating the payoff to winning pari-mutuel bettors only in multiples of dimes for each dollar bet.