carrying charge

carrying charge

noun
1.
a charge made for carrying an account, usually computed as a percentage of the principal owed.
2.
cost incurred while an asset is unproductive.

Origin:
1890–95, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Carrying charge is always a great word to know.
So is slumgullion. Does it mean:
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
a stew of meat, vegetables, potatoes, etc.
Collins
World English Dictionary
carrying charge
 
n
the opportunity cost of unproductive assets, such as goods stored in a warehouse

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Idioms & Phrases

carrying charge

  1. Interest charged on the balance owed when paying on an installment plan, as in What is the carrying charge for this credit card? The term denotes the amount charged for carrying the remaining debt. [Late 1800s]

  2. The cost incurred when an asset is unproductive, as when aircraft are grounded during a strike, real estate cannot be developed owing to zoning laws, or similar circumstances. For example, The carrying charge for owning this building may send us into bankruptcy.

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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