GENERAL AVERAGE


Meaning of GENERAL AVERAGE in English

Insurance. any damage or loss to a ship or its cargo voluntarily sustained, as freight jettisoned in a storm, by all parties to a voyage (distinguished from particular average ). Abbr.: G.A.

[ 1690-1700 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .