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Demurrage

noun

Definitions

Noun
  1. 1
    the detention of a ship or other freight vehicle, during delayed loading or unloading countable, uncountable
  2. 2
    detention of a ship or freight car or other cargo beyond its scheduled time of departure wordnet
  3. 3
    compensation paid for such detention countable, uncountable
  4. 4
    a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure wordnet
  5. 5
    a charge made for exchanging currency for bullion countable, uncountable
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  1. 6
    the cost associated with owning or holding currency over a given period countable, uncountable
  2. 7
    a type of currency which requires paying a fee to store money; a type of currency that discourages using money as a store of value countable, uncountable

Etymology

1640s, from Old French demorage, from demorer (English demur), from Latin dēmorārī (“to tarry”). By surface analysis, demur (“delay”) + -age, with doubled ‘r’ to clarify pronunciation and avoid ambiguity with demure.

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