demurrage

noun
de·​mur·​rage | \ di-ˈmər-ij How to pronounce demurrage (audio) , -ˈmə-rij\

Definition of demurrage

1 : the detention of a ship by the freighter beyond the time allowed for loading, unloading, or sailing
2 : a charge for detaining a ship, freight car, or truck

First Known Use of demurrage

1641, in the meaning defined at sense 1

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