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.
Gross profit is the total gain you report on the installment method. To figure your gross profit, subtract your installment sale basis from the selling price. If the property you sold was your home, subtract from the gross profit any gain you can exclude. See Sale of your home, later, under Reporting Installment Income.