demurrage$20015$ - translation to greek
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demurrage$20015$ - translation to greek

CARRYING COST OF MONEY
Demurrage currency
  • One Schilling note with demurrage stamps from [[Wörgl]]

demurrage      
n. αργοπορία, υπερημερία

Definition

demurrage
[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.

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.