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Also found in: Medical, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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AVERAGE. A term used in commerce to signify a contribution made by the
owners of the ship, freight and goods, on board, in proportion to their
respective interests, towards any particular loss or expense sustained for
the general safety of the ship and cargo; to the end that the particular
loser may not be a greater sufferer than the owner of the ship and the other
owners of goods on board. Marsh. Ins. B. 1, c. 12, s. 7; Code de Com. art.
397; 2 Hov. Supp. to Ves. jr. 407; Poth. Aver. art. Prel.
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Falling below the market average of 116 were Standard Pacific with 115 points; Beazer and Richmond American with 98; Warmington with 94; Forecast with 87 and D. Most investors think they can buy mutual funds that will beat the market average. The company's, worldwide growth rate, however, was well below the overall market average. |
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