Pronunciation: [pˈa͡ʊndɪd͡ʒ] (IPA) 
The spelling of the word "poundage" is a bit tricky. It is pronounced /ˈpaʊndɪdʒ/ and is spelled with a "d" in the middle, not a "t," despite its similarity to "pound", which is spelled with a "t." The word refers to the weight in pounds of something, and is often used in the context of charging for a service or product based on weight. When spelling the word, keep in mind the "d" in the middle and the "age" suffix at the end.
Poundage is a noun that has multiple definitions and is commonly used in various contexts. In general, it refers to a fee or charge that is calculated based on the weight or quantity of goods. Primarily, poundage is used in the context of shipping or transportation, where it is the charge imposed on cargo based on its weight. For instance, when goods are shipped by air, sea, or land, the poundage is the fee determined by the weight of the cargo, often expressed per pound or kilogram.
Furthermore, poundage can also refer to a type of tax or duty imposed on goods or products as a percentage of their weight. It is commonly used in the realm of customs and excise, to levy charges on imported or exported goods based on their weight.
Additionally, the term poundage can also be used to describe a commission or charge imposed on certain financial transactions. For instance, when buying or selling stocks or securities through a broker, the broker may levy a poundage as a percentage of the transaction value.
In general, poundage can be understood as a fee, tax, or commission calculated based on the weight or quantity of goods or financial transactions. Its specific application may vary depending on the context in which it is used.
• A deduction or charge made for each pound in money or weight.
• Confinement of cattle in a pound; the charge or toll for it.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "poundage" has its roots in the Middle English term "poundage" or "pundaige", which was derived from the Old French word "pondage". Both the Middle English and Old French words were ultimately derived from the Medieval Latin term "ponderaticum", which can be traced back to the Latin word "ponderare", meaning "to weigh". In the context of "poundage", the word initially referred to the charge or fee associated with weighing goods or merchandise. Over time, its usage expanded to include various other meanings, such as a tax or duty based on weight, or a fee charged for the use of a public weighing scale.
