One of the mysteries of the English language finally explained.
1North American Finance
An expense or effective cost arising from unproductive assets such as stored goods or unoccupied premises.
- ‘On March 16 the company sent him an invoice for extension and carrying charges in the sum of $79, 762.50.’
- ‘Obviously a sore spot, as unless there's some profit in it, no one is going to commit to carrying inventory (and the attendant carrying charges can be huge.’
- ‘I will also discuss how and when to report interest income, as well as when to claim any offsetting carrying charges.’
- ‘If, like many folks, you use credit to finance business purchases, interest and carrying charges are fully tax deductible.’
2A sum payable for the conveying of goods.
- ‘Hence the claim for carrying charges or, as Mr Baker put it, reverse demurrage, because the ship's delay delayed the cargo.’
- ‘If you're taking your own skis, don't forget to check each airline's small print for any extra carrying charges - some do, some don't.’
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