Understanding "drop-offs"

In the Visitor Flow section, there is the "drop-offs" metric.



Does the drop off refer to visitors leaving the site there? (It may be, but I don't think this is exclusively it, there may be something else...)



I think the drop-offs may include the exit rates and something more, but I'm getting mixed up a bit.



Help me clear this out. How do you interpret the "drop-off"?



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