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.
Quick Answer. Accounting Tools from CPA Steven Bragg indicates that the gross cost of an item is the sum total of all costs involved in making or acquiring it. In contrast, the net cost is the gross cost minus financial gains derived from the production or acquisition of the item. Continue Reading.