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Quick Answer. Defrag is a shortened form of the word defragment, a process of sequencing fragmented data on a hard drive or storage device. Defragmentation allows computers and other electronic storage devices to work more efficiently in general performance, as well as in the retrieving of requested files and sites.
DEFINITION of 'Deflation'. A general decline in prices, often caused by a reduction in the supply of money or credit. Deflation can be caused also by a decrease in government, personal or investment spending. The opposite of inflation, deflation has the side effect of increased unemployment since there is a lower level of demand in the economy, which can lead to an economic depression.