general average

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.

general average

noun

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

Word History and Origins

Origin of general average¹

First recorded in 1690–1700

Example Sentences

On a general average, they may be said to contain about 280 cubic inches, or nearly five quarts of air.

From Project Gutenberg

So, also, will the general average be found to vary as much as ten pounds in different localities.

From Project Gutenberg

At the close of the year 1849, we take the general average price of wheat as at 40s.

From Project Gutenberg

A fair general average in this class of works would be about 60 per cent.

From Project Gutenberg

A To prevent misunderstanding it is well to repeat that I am speaking of the general average of thorough-going spiritualists.

From Project Gutenberg