Wasting of memory within a partition, due to a difference in size of a partition and of the object resident within it, is called-
Wasting of memory within a partition, due to a difference in size of a partition and of the object resident within it, is called internal fragmentation.
In computer storage, fragmentation is a phenomenon in which storage space is used inefficiently, reducing capacity or performance and often both. The exact consequences of fragmentation depend on the specific system of storage allocation in use and the particular form of fragmentation.