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What (who) is demurrage$20015$ - definition
CARRYING COST OF MONEY
Demurrage currency
![One Schilling note with demurrage stamps from [[Wörgl]]](https://commons.wikimedia.org/wiki/Special:FilePath/Freigeld1.jpg?width=200 "One Schilling note with demurrage stamps from [[Wörgl]]")
Demurrage (currency)
Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money.
demurrage
FEES IN LOGISTICS
Demmurage
[d?'m?r?d?]
¦ noun Law a charge payable to the owner of a chartered ship on failure to load or discharge the ship within the time agreed.
Demurrage
FEES IN LOGISTICS
Demmurage
·noun The allowance made to the master or owner of the ship for such delay or detention.
II. Demurrage ·noun The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing.
Wikipedia
Demurrage (currency)
Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is the cost of storing and securing the gold. For paper currency, it can take the form of a periodic tax, such as a stamp tax, on currency holdings. Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems.
