Word:

Average

Av´er`age
n.1.(OLd Eng. Law) That service which a tenant owed his lord, to be done by the work beasts of the tenant, as the carriage of wheat, turf, etc.
2.(Com.) A tariff or duty on goods, etc.
General average
a contribution made, by all parties concerned in a sea adventure, toward a loss occasioned by the voluntary sacrifice of the property of some of the parties in interest for the benefit of all. It is called general average, because it falls upon the gross amount of ship, cargo, and freight at risk and saved by the sacrifice.
Particular average
signifies the damage or partial loss happening to the ship, or cargo, or freight, in consequence of some fortuitous or unavoidable accident; and it is borne by the individual owners of the articles damaged, or by their insurers.
- Kent.
Petty averages
are sundry small charges, which occur regularly, and are necessarily defrayed by the master in the usual course of a voyage; such as port charges, common pilotage, and the like, which formerly were, and in some cases still are, borne partly by the ship and partly by the cargo. In the clause commonly found in bills of lading, "primage and average accustomed," average means a kind of composition established by usage for such charges, which were formerly assessed by way of average.
- Arnould.
3.A mean proportion, medial sum or quantity, made out of unequal sums or quantities; an arithmetical mean. Thus, if A loses 5 dollars, B 9, and C 16, the sum is 30, and the average 10.
4.Any medial estimate or general statement derived from a comparison of diverse specific cases; a medium or usual size, quantity, quality, rate, etc.
5.In the English corn trade, the medial price of the several kinds of grain in the principal corn markets.
On an average
taking the mean of unequal numbers or quantities.
a.1.Pertaining to an average or mean; medial; containing a mean proportion; of a mean size, quality, ability, etc.; ordinary; usual; as, an average rate of profit; an average amount of rain; the average Englishman; beings of the average stamp.
2.According to the laws of averages; as, the loss must be made good by average contribution.
v. t.1.To find the mean of, when sums or quantities are unequal; to reduce to a mean.
[imp. & p. p. Averaged ( ); p. pr. & vb. n. Averaging.]
2.To divide among a number, according to a given proportion; as, to average a loss.
3.To do, accomplish, get, etc., on an average.
v. i.1.To form, or exist in, a mean or medial sum or quantity; to amount to, or to be, on an average; as, the losses of the owners will average twenty five dollars each; these spars average ten feet in length.
Noun1.average - a statistic describing the location of a distribution; "it set the norm for American homes"
Synonyms: norm
Verb1.average - amount to or come to an average, without loss or gain; "The number of hours I work per work averages out to 40"
Synonyms: average out
2.average - achieve or reach on average; "He averaged a C"
3.average - compute the average of
Synonyms: average out
Adj.1.average - approximating the statistical norm or average or expected value; "the average income in New England is below that of the nation"; "of average height for his age"; "the mean annual rainfall"
Synonyms: mean
2.average - lacking special distinction, rank, or status; commonly encountered; "average people"; "the ordinary (or common) man in the street"
Synonyms: ordinary
3.average - of no exceptional quality or ability; "a novel of average merit"; "only a fair performance of the sonata"; "in fair health"; "the caliber of the students has gone from mediocre to above average"; "the performance was middling at best"
Synonyms: middling, mediocre, fair
4.average - around the middle of a scale of evaluation of physical measures; "an orange of average size"; "intermediate capacity"; "a plane with intermediate range"; "medium bombers"
Synonyms: medium, intermediate
5.average - relating to or constituting the most frequent value in a distribution; "the modal age at which American novelists reach their peak is 30"
Synonyms: modal
6.average - relating to or constituting the middle value of an ordered set of values (or the average of the middle two in an even-numbered set); "the median value of 17, 20, and 36 is 20"; "the median income for the year was $15,000"
Synonyms: median

AVERAGE. A term used in commerce to signify a contribution made by the owners of the ship, freight and goods, on board, in proportion to their respective interests, towards any particular loss or expense sustained for the general safety of the ship and cargo; to the end that the particular loser may not be a greater sufferer than the owner of the ship and the other owners of goods on board. Marsh. Ins. B. 1, c. 12, s. 7; Code de Com. art. 397; 2 Hov. Supp. to Ves. jr. 407; Poth. Aver. art. Prel.
     2. Average is called general or gross average, because it falls generally upon the whole or gross amount of the ship, freight and cargo; and also to distinguish it from what is often though improperly termed particular average, but which in truth means a particular or partial, and not a general loss; or has no affinity to average properly so called. Besides these there are other small charges, called petty or accustomed averages; such as pilotage, towage, light-money, beaconage, anchorage, bridge toll, quarantine, river charges, signals, instructions, castle money, pier money, digging the ship out of the ice, and the like.
     3. A contribution upon general average can only be claimed in cases where, upon as much deliberate on and consultation between the captain and his officers as the occasion will admit of, it appears that the sacrifice at the time it was made, was absolutely and indispensably necessary for the preservation of the ship and cargo. To entitle the owner of the goods to an average contribution, the loss must evidently conduce to the preservation of the ship and the rest of the cargo; and it must appear that the ship and the rest of the cargo were in fact saved. Show. Ca. Parl. 20. See generally Code de Com. tit. 11 and 12; Park, Ins. c. 6; Marsh. Ins. B. 1, c. 12, s. 7 4 Mass. 548; 6 Mass. 125; 8 Mass. 467; 1 Caines' R. 196; 4 Dall. 459; 2 Binn. 547 4 Binn. 513; 2 Serg. & Rawle, 237, in note; 2 Serg. & Rawle, 229 3 Johns. Cas. 178; 1 Caines' R. 43; 2 Caines' R. 263; Id. 274; 8 Johns. R. 237, 2d edit 9 Johns. R. 9; 11 Johns. R 315 1 Caines' R. 573; 7 Johns R. 412; Wesk. Ins. tit. Average; 2 Barn. & Crest. 811 1 Rob. Adlm. Rep. 293; 2 New Rep. 378 18 Ves. 187; Lex. Mer. Armer. ch. 9; Bac Abr. Merchant, F; Vin. Abr. Contribution and' Average; Stev. on Av.; Ben. on Av.

Everyman, Public, accustomed, amidships, as a rule, average man, average out, avoid extremes, balance, banal, besetting, bisect, bourgeois, center, central, common, common man, common run, commonplace, conventional, core, current, customarily, customary, dominant, double, epidemic, equatorial, equidistant, everyday, everyman, everywoman, fairish, familiar, fold, garden, garden-variety, general, generality, generally, girl next door, golden mean, habitual, halfway, happy medium, homme moyen sensuel, household, in the main, indifferent, interior, intermediary, juste-milieu, medial, mediocrity, mediterranean, mesial, mezzo, mid, middle, middle course, middle ground, middle point, middle position, middle state, middle-class, middle-of-the-road, middlemost, middling, midland, midmost, midpoint, midships, midway, no great shakes, norm, normal, normally, normative, nuclear, ordinarily, ordinary, ordinary Joe, ordinary run, pair off, pandemic, par, plastic, popular, predominant, predominating, prescriptive, prevailing, prevalent, rampant, regnant, regular, regulation, reigning, rife, routine, ruck, rule, ruling, run, run-of-mine, run-of-the-mill, running, so so, so-so, split the difference, standard, stereotyped, stock, strike a balance, suburban, take the average, typical, typically, undistinguished, unexceptional, universal, unnoteworthy, unremarkable, unspectacular, usually, vernacular, via media, wonted
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-- Average --
average cost
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average seek time
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