demurrage
Meaning
- (countable, uncountable) the detention of a ship or other freight vehicle, during delayed loading or unloading
- (countable, uncountable) compensation paid for such detention
- (countable, uncountable) a charge made for exchanging currency for bullion
- (countable, uncountable) the cost associated with owning or holding currency over a given period
- (countable, uncountable) 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
Synonyms
Translations
Etymology
In summary
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.
Notes
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