PARTICULAR AVERAGE


Meaning of PARTICULAR AVERAGE in English

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 ]

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