HOW TO PRONOUNCE
demurrage
American English · Video pronunciation
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American Pronunciation Guide · 0:31
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What does demurrage mean?
noun
- the detention of a ship or other freight vehicle, during delayed loading or unloading
- compensation paid for such detention
- a charge made for exchanging currency for bullion
More meanings (2)
noun
- the cost associated with owning or holding currency over a given period
- 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
Definitions regrouped for readability · CC BY-SA 4.0
IPA pronunciation
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In the pages of books
See this word in context.
Almost each morning a letter from my owners would arrive, directing me to go to the charterers and clamour for the ship’s cargo; to threaten them with the heaviest penalties of demurrage; to demand that this assortment of varied merchandise, set fast in a landscape of ice and windmills somewhere up-country, should be put on rail instantly, and fed up to the ship in regular quantities every day.