the delaying of a ship, railway wagon, etc, caused by the charterer's failure to load, unload, etc, before the time of scheduled departure
2.
the extra charge required as compensation for such delay
3.
a fee charged by the Bank of England for changing bullion into notes
Word origin
C17: from Old French demorage, demourage; see demur
demurrage in American English
(dɪˈmɜrɪdʒ)
noun
1.
the compensation payable to a carrier of freight whose vehicle or vessel is delayed, as by failure to load or unload the freight withinthe time allowed
2.
the delay itself
Word origin
OFr demorage, a delay < demorer: see demur
Examples of 'demurrage' in a sentence
demurrage
We are not chartering, loading or unloading, so we have no demurrage costs to worry about.