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XRPL→XRP Ledger

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content/concepts/issued-currencies/demurrage.md
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# Demurrage
**Warning:** Demurrage is a deprecated feature with no ongoing support. This page describes historical behavior of older versions of XRPL software.
**Warning:** Demurrage is a deprecated feature with no ongoing support. This page describes historical behavior of older versions of XRP Ledger software.
[Demurrage](http://en.wikipedia.org/wiki/Demurrage_%28currency%29) is a negative interest rate on assets held that represents the cost of holding those assets. To represent the demurrage on an issued currency in the XRP Ledger, you can track it using a custom [currency code](currency-formats.html#currency-codes) that indicates the demurrage rate. This effectively creates separate versions of the currency for each varying amount of demurrage. Client applications can support this by representing the demurraging currency code with an annual percentage rate alongside the currency code. For example: "XAU (-0.5%pa)".