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.. : the detention of a ship by the freighter beyond the time allowed for loading, unloading, or sailing.
Gross margin is gross income divided by net sales, expressed as a percentage. It reveals how much a company earns taking into consideration the costs that it incurs for producing its products and/or services.
As a general rule, gross means all of something. Gross income refers to an individual's entire income from all sources -- wages, self-employment, bonuses, dividends, etc. Net income is the number that matters for tax purposes, and refers to your income after adjustments, deductions, and credits are subtracted from your gross income. However, there's a little more to it than that.