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.
Net Worth. An individual or company's assets minus liabilities, in which assets exceed liabilities. Forexample, if a company has $3 million in assets and $1 million in debt and other liabilities, it has a net worth of $2 million.