average

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Related to Moving average: Weighted moving average

average

(Midmost), adjective center, centermost, mean, mean proportioned, medial, median, mediate, medium, mid, middle, middle class, middle grade, middlemost, middling
Associated concepts: average annual earnings or wages, avvrage capital, average charges, average daily attendance, average daily balance, average daily wage, average price, average speed, average value, average weekly wage, gennral average, gross average, income averaging, particular average, petty average, simple average

average

(Standard), adjective common, conventional, fair, mediocre, moderate, normal, ordinary, passable, prosaic, stock, typical, unnoteworthy, usual
Associated concepts: average man, average person, average quality
See also: conventional, cross section, customary, general, imperfect, intermediate, marginal, mediocre, mediocrity, mundane, nondescript, norm, normal, ordinary, regular, typical, usual

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.
     2. Average is called general or gross average, because it falls generally upon the whole or gross amount of the ship, freight and cargo; and also to distinguish it from what is often though improperly termed particular average, but which in truth means a particular or partial, and not a general loss; or has no affinity to average properly so called. Besides these there are other small charges, called petty or accustomed averages; such as pilotage, towage, light-money, beaconage, anchorage, bridge toll, quarantine, river charges, signals, instructions, castle money, pier money, digging the ship out of the ice, and the like.
     3. A contribution upon general average can only be claimed in cases where, upon as much deliberate on and consultation between the captain and his officers as the occasion will admit of, it appears that the sacrifice at the time it was made, was absolutely and indispensably necessary for the preservation of the ship and cargo. To entitle the owner of the goods to an average contribution, the loss must evidently conduce to the preservation of the ship and the rest of the cargo; and it must appear that the ship and the rest of the cargo were in fact saved. Show. Ca. Parl. 20. See generally Code de Com. tit. 11 and 12; Park, Ins. c. 6; Marsh. Ins. B. 1, c. 12, s. 7 4 Mass. 548; 6 Mass. 125; 8 Mass. 467; 1 Caines' R. 196; 4 Dall. 459; 2 Binn. 547 4 Binn. 513; 2 Serg. & Rawle, 237, in note; 2 Serg. & Rawle, 229 3 Johns. Cas. 178; 1 Caines' R. 43; 2 Caines' R. 263; Id. 274; 8 Johns. R. 237, 2d edit 9 Johns. R. 9; 11 Johns. R 315 1 Caines' R. 573; 7 Johns R. 412; Wesk. Ins. tit. Average; 2 Barn. & Crest. 811 1 Rob. Adlm. Rep. 293; 2 New Rep. 378 18 Ves. 187; Lex. Mer. Armer. ch. 9; Bac Abr. Merchant, F; Vin. Abr. Contribution and' Average; Stev. on Av.; Ben. on Av.

References in periodicals archive ?
For example, if you were to see "<strong>12,26,9</strong>" as the MACD parameters (which is usually the default setting for most charting packages), this is how you would interpret it:<br> - The 12 represents the previous 12 bars of the faster moving average.
Penney (NYSE:JCP) has entered a similar consolidating phase and is currently perched on support at its 10-week moving average.
Fresh from a retest of support at its ascending 10-week moving average, the stock is trading nearly 1.
The shares of OPWV jumped this morning, finding support at their 10-day and 20-day moving average.
Click the following link to see a daily chart of PFE since July 2006 with 10-day moving average and weekly chart of PFE since June with 160-week moving average: http://www.
Click here to see a Weekly Chart of FCX Since January 2005 With 10-Week and 20-Week Moving Averages, a Monthly Chart of FCX Since January 2002 With 20-Month Moving Average, a Weekly Chart of PD Since May 2004 With 10-Week and 20-Week Moving Averages, and a Monthly Chart of PD Since January 2002 With 10-Month and 20-Month Moving Averages: http://www.
A solid break below 170 could signal a pullback to long-term support at the equity's 10-month moving average at the 150 level.
The stock has dropped nearly four percent today, taking it beneath its 10-day and 20-day moving averages for the first time since its public debut.
Click the following link to see a Daily Chart of JCP Since April 2006 With 10-Day Moving Average and a Monthly Chart of JCP Since February 2003 With 10-Month Moving Average: http://www.
This move, on above-average volume, has allowed the stock to regain the control of its 20-day moving average.