Word:

Particular average

PARTICULAR AVERAGE. This term, particular average, has been condemned as not being exact. See Average. It denotes, in general, every kind of expense or damage, short of total loss which regards a particular concern, and which is to be borne by the proprietor of that concern alone. Between the insurer and insured, the term includes losses of this description, as far as the underwriter is liable. Particular average must not be understood as a total loss of a part; for these two kinds of losses are perfectly distinct from each other. A total loss of a part may be recovered, where a particular average would not be recoverable. See Stev. on Av. 77.

Browse
Participative
Participator
participatory
Participial
Participialize
Participially
Participle
Particle
Particle accelerator
particle beam
particle board
Particle physics
particolored
particolored buckeye
particoloured
Particular
-- Particular average --
Particular averment
Particular Baptist
Particular custom
Particular customs
Particular estate
Particular lien
Particular redemption
Particular theorem
particularisation
particularise
particularised
Particularism
Particularist
particularistic
Particularity
Particularization
Definitions Index: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

About this site and copyright information - Online Dictionary Home - Privacy Policy