- a charge paid by the master of a ship for such services as pilotage or towage.
- an expense, partial loss, or damage to a ship or cargo.
- the incidence of such an expense or loss to the owners or their insurers.
- an equitable apportionment among all the interested parties of such an expense or loss.Compare general average, particular average.
verb (used with object), av·er·aged, av·er·ag·ing.
verb (used without object), av·er·aged, av·er·ag·ing.
- to come out of a security or commodity transaction with a profit or without a loss.
- to reach an average or other figure: His taxes should average out to about a fifth of his income.
Words nearby average
Idioms for average
Origin of average
OTHER WORDS FROM average
Examples from the Web for averagely
I am, so far as these are concerned, merely the man in the street, the averagely endowed and the ordinarily educated.Memoirs of My Dead Life|George Moore
Those two coming now consisted of two better than averagely dressed girls who would run somewhere in their early twenties.
More comfortable would be a role as an averagely anti-Russian tourist—not fanatically so, but averagely.
I know that his putting was extraordinarily good—far better than an averagely good putter's daylight putting.Fifty Years of Golf|Horace G. Hutchinson
British Dictionary definitions for averagely
- a loss incurred or damage suffered by a ship or its cargo at sea
- the equitable apportionment of such loss among the interested parties