particular average — noun : a partial loss in marine insurance that must be borne by the interest or goods sustaining it without benefit of contribution from other interests compare general average * * * Marine Insurance. a loss at sea, as through accident or… … Useful english dictionary
particular average — Marine Insurance. a loss at sea, as through accident or negligence, that is borne solely by the owner of the lost property. Abbr.: P.A. Also called particular average loss. Cf. general average. [1765 75] * * * … Universalium
Particular average — Average Av er*age, n. [OF. average, LL. averagium, prob. fr. OF. aver, F. avoir, property, horses, cattle, etc.; prop. infin., to have, from L. habere to have. Cf. F. av[ e]rage small cattle, and avarie (perh. of different origin) damage to ship… … The Collaborative International Dictionary of English
particular average — A term used in contradistinction to general average, denoting a loss on vessel, cargo, or freight, to be borne by the owner of the particular subject or interest upon which it happens. 48 Am J1st Ship § 621. A term generally regarded as… … Ballentine's law dictionary
free of particular average — marine cargo insurance that does not cover partial losses or partial damage unless caused by the vessel being sunk, stranded, burned, on fire, or in a collision. Bloomberg Financial Dictionary * * * free of particular average ˌfree of parˌticular … Financial and business terms
Average — Av er*age, n. [OF. average, LL. averagium, prob. fr. OF. aver, F. avoir, property, horses, cattle, etc.; prop. infin., to have, from L. habere to have. Cf. F. av[ e]rage small cattle, and avarie (perh. of different origin) damage to ship or cargo … The Collaborative International Dictionary of English
free from particular average — A clause in a marine insurance policy used in a limitation of liability, generally defeating liability of the insurer for a partial loss. 29A Am J Rev ed Ins § 1585 … Ballentine's law dictionary
Average — An arithmetic mean of selected stocks intended to represent the behavior of the market or some component of it. One good example is the widely quoted Dow Jones Industrial Average, which adds the current prices of the 30 DJIA s stocks, and divides … Financial and business terms
average — An arithmetic mean return of selected stocks intended to represent the behavior of the market or some component of it. One good example is the widely quoted Dow Jones Industrial Average, which adds the current prices of the 30 DJIA stocks, and… … Financial and business terms
average — averageable, adj. averagely, adv. averageness, n. /av euhr ij, av rij/, n., adj., v., averaged, averaging. n. 1. a quantity, rating, or the like that represents or approximates an arithmetic mean: Her golf average is in the 90s. My average in… … Universalium
