Definition of the word slippage

The word "slippage" has its roots in the late 14th century Old English word "slipen," which means "to slide" or "to slip." This verb is derived from the Proto-Germanic word "*slipiz," which is also the source of the Modern English word "slip." The noun "slippage" emerged in the 15th century, initially referring to the act of slipping or sliding. Over time, the meaning of the word expanded to include the idea of a decrease or decline, often in a gradual or slippery manner. In the 17th century, the term began to be used in a financial context to describe a decline in value or a loss of investment. Today, "slippage" can be used in a variety of contexts, including finance, medicine, and everyday conversation. It's a versatile word that effectively conveys the idea of a smooth and often unnoticed decline or deterioration.