demurrage

demurrage definition - business

demurrage

  1. Detainment of a cargo transport beyond its scheduled departure.
  2. Compensation for detaining cargo transport beyond its scheduled departure.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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