shrinkshrink1 /ʃrɪŋk/ ●●○ verb (past tense shrank /ʃræŋk/ , past participle shrunk /ʃrʌŋk/ ) 1 [intransitive, transitive] to become smaller, or to make something smaller: My sweater shrank in the dryer.2[intransitive, transitive] to become smaller in amount, size, or value: Profits have been shrinking over the last year.3[intransitive] to move away because you are afraid: She shrank back in fright.shrink from phrasal verb to avoid doing something difficult or unpleasant: Many people shrink from discussing such personal issues.