The treatment of something to make it waterproof(noun)
A waterproof material(noun)
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Use "waterproofing" in a sentence
"The final exterior coating to provide waterproofing is generally a paint product that is commonly named after one of the major brand names like "Fester" and helps to protect the lower layers of the roof and shed rainwater."
"I'd like to have those cracks filled, but when I called a waterproofing company they offered to put in a French drain and sump pump for $10,000."
"So-called waterproofing processes, making the shoe air-tight as well as waterproof, should be avoided."