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). Abbreviation: G.A.
This Word Of The Day Quiz Is Far From Thersitical
Have you mastered the meaning of phronesis? How about plethoric? Take the quiz on the words from the week of February 17 to 23 to find out.
Question 1 of 7
Words nearby general average
Origin of general average
First recorded in 1690–1700
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for general average
insurance loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo ownersAbbreviation: GA Compare particular average
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012