Definition: to add up, to accumulate
The shipping container is stuck in Customs. Every day it is delayed, the shipping company charges us money. We are really racking up a lot of demmurage charges.
Don’t pay the invoices late. When an invoice is late, our vendors charge us fees. If we are late, we will rack up the penalties.
About Matt Krause
Matt began his professional life as an import buyer, and since 2006 has been teaching companies how to connect with their investors and clients better. His clients work in Istanbul, London, and Madrid for companies like Allianz, 3M, P&G, Citibank, and Reckitt Benckiser. He also walked across Turkey and wrote a book about it.