demurrage

[dih-mur-ij] Origin

de·mur·rage

[dih-mur-ij]
noun Commerce.
1.
the detention in port of a vessel by the shipowner, as in loading or unloading, beyond the time allowed or agreed upon.
2.
the similar undue detention of a railroad car, truck, etc.
3.
a charge for such undue detention.

Origin:
1635–45; demur + -age
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Demurrage is a GRE word you need to know.
So is deteriorate. Does it mean:
something deriving from an earlier form
to make or become worse or inferior in character, quality or value
Collins
World English Dictionary
demurrage (dɪˈmʌrɪdʒ)
 
n
1.  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
 
[C17: from Old French demorage, demourage; see demur]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

demurrage
1640s, from O.Fr. demourage, from demourer (see demur).
Online Etymology Dictionary, © 2010 Douglas Harper
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