Particular average

(redirected from With Average)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

PARTICULAR AVERAGE. This term, particular average, has been condemned as not being exact. See Average. It denotes, in general, every kind of expense or damage, short of total loss which regards a particular concern, and which is to be borne by the proprietor of that concern alone. Between the insurer and insured, the term includes losses of this description, as far as the underwriter is liable. Particular average must not be understood as a total loss of a part; for these two kinds of losses are perfectly distinct from each other. A total loss of a part may be recovered, where a particular average would not be recoverable. See Stev. on Av. 77.

References in periodicals archive ?
The trend appears to be a good deal more uniform (table 4), with average fees rising by statistically significant percentages and faster than the change in the CPI in most cases.
data on average indoor-radon levels with average lung-cancer rates for the county in which each measurement was taken.
At this time last year, the 1-year ARM averaged 2.86 %.Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.