GENERAL AVERAGE

Definition: GENERAL AVERAGE

GENERAL AVERAGE

1. 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. --Kent.

Source: Webster's Revised Unabridged Dictionary (1913)

Specialty Definitions: GENERAL AVERAGE

Domain	Definitions
Economics	1. loss that affects all cargo interests on board a vessel as well as the ship herself. 2. An internationally accepted rule of the sea which says when a peril threatens the survival of the ship, there may be sacrificed (thrown overboard) any cargo or supplies or ships' furnishings, and any expense incurred necessary to save the ship. If the vessel is saved, all cargo owners, ship owner, and owners of the freight revenue share pro rata in the loss. (references)
Source: compiled by the editor from various references; see credits.

Commercial Usage: GENERAL AVERAGE

Domain	Title
Books	Marine insurance and general average in the United States; an average adjuster's viewpoint (reference) An introduction to the South African law of salvage, towage, and general average (reference) (more book examples)
Source: compiled by the editor from various references; see credits.

Expression: GENERAL AVERAGE

Expression using "GENERAL AVERAGE": general average damage. Additional references.
Source: compiled by the editor from various references; see credits.

Modern Translations: GENERAL AVERAGE

Language		Translations for "GENERAL AVERAGE"; alternative meanings/domain in parentheses.
French		avaries communes. (various references)

Hungarian		általános károsodás (general average damage). (various references)

Pig Latin		eneralgay averageay
Source: compiled by the editor from various translation references.

Anagrams: GENERAL AVERAGE

Scrabble® Enable2K-Verified Anagrams
	Words within the letters "a-a-a-e-e-e-e-g-g-l-n-r-r-v"
	-5 letters: evergreen, reengrave.
Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.