an act of leaking; leak.
something that leaks in or out.
the amount that leaks in or out.
Commerce. an allowance for loss by leaking.
Physics, Electricity. the loss of all or part of a useful agent, as of the electric current that flows through an insulator (leakage current) or of the magnetic flux that passes outside useful flux circuits (leakage flux)

1480–90; leak + -age

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World English Dictionary
leakage (ˈliːkɪdʒ)
1.  the act or an instance of leaking
2.  something that escapes or enters by a leak
3.  commerce an allowance made for partial loss (of stock, etc) due to leaking
4.  physics
 a.  an undesired flow of electric current, neutrons, etc
 b.  (as modifier): leakage current

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
For now, oil leakage seems to be under control and response teams are
  mitigating what damage has already been done.
It's unclear whether human-induced climate change is causing the leakage.
While the leakage has stopped for the moment, the long term consequences remain
The pants kept me totally try, no issues at all with water leakage.
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