general average

American  

noun

1. 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 (particular average ). G.A.

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general average British  

noun

1.  GA.  insurance loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo owners Compare particular average

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Etymology

Origin of general average

First recorded in 1690–1700

Example Sentences

Michael Shifter, a senior fellow at the Inter-American Dialogue, a Washington think tank, said the 24% abstention is high in historical terms since the general average for non-participation has been 10%.

From Seattle Times

The league said it has found in various studies that 83% of MLS fans watch sports on streaming devices or recorded TV in a typical week, much higher than the general average of 52% for all TV viewers.

From Seattle Times

In general, average low temperatures are rising faster than highs.

From Washington Post

Shoei Kisen Kaisha Ltd. said Friday that it has asked freight owners to share the damages in a deal known as a general average declaration.

From Washington Times

On Thursday, Shoei Kisen Kaisha declared “general average,” appealing to a principle of maritime law that states that the owner of cargo on board a ship should contribute to the cost of rescuing the vessel during a major casualty event, according to industry news site gCaptain.

From Washington Post