Average

(av'er-aj.) [L. Lat. averagium.] (Com. and Mar. Law.) Damage or lo suffered by goods during transportation, and the pecuniary equivalent for the same contributed by those concerned in proportion to their respective interests, A. is divided into General A., Particular A., and Petty A. The first denotes the quota or proportion which each proprietor in the ship or cargo is adjudged, upon an approximate estimate, to contribute in order to make good any damage, lo , or extraneous expense (arising from sea-risk) which has been incurred by any one for the general good.-Particular A., is the specific amount of lo or damage arising from perils of the sea, accruing to any individual interest or interests, and indemnifiable by the underwriters on such particular risk or risks only.- Petty A. Same as PRIMAGE, q. ν. [s. 64]