average

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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 ?
lt;strong>Bullish Moving Average Crossover</strong><br> A Bullish Moving Average Crossover occurs when MACD moves above its 9-day EMA, or trigger line.
Sometimes it is prudent to apply a price filter to the Bullish Moving Average Crossover to ensure that it will hold.
Click the following link to see a Daily Chart of ARO Since August 2006 With 10-Day and 20-Day Moving Averages and a Weekly Chart of ARO Since January 2006: http://www.
The equity's 50-day moving average, which has helped guide the stock higher since early July, is currently rising into this area.
What's more, this area is home to the equity's ascending 80-week moving average.
On the other hand, these bears could also fuel a rally if the shares succeeded in stabilizing at their 80-day moving average and the pessimists begin to unwind their bearish bets.
This area is not only home to the stock's 10-month moving average, but its 160-day trendline also resides in the region.