Average clause

Average clause,

Definition of Average clause:

  1. See average.

Meaning of Average clause & Average clause Definition

Average Clause,

What is The Meaning of Average Clause?

Another term for co-insurance clause (see co-insurance).

Average Clause refers to (Also known as the middle division clause). See the proportional distribution clause.

The policy clause proves that if the value of the property at the time of the claim is less than its original value, the insurer's compensation will be reduced to the value of the property after the claim.

Literal Meanings of Average Clause

Average:

Meanings of Average:
  1. A number that represents the central or general value of a set of data, specifically the mode, median, or (more commonly) average value, which is calculated by dividing the sum of the values ​​in the set by the set. Goes

  2. Transfer of financial responsibility for damage or financial loss to the ship or its cargo.

  3. Divide the results by adding multiple quantities and adding that number to the quantity.

  4. Touch or reach the average level or value from time to time.

Sentences of Average
  1. Property prices are double the national average

  2. Specific average means partial loss or damage to a ship, cargo or goods.

  3. The average temperature in May is 16 degrees Celsius.

  4. Average annual inflation 2.4%

Synonyms of Average

centre, mean, medial, middle, midpoint, mode, median

Clause:

Meanings of Clause:
  1. The unit of grammatical organization is directly under continuous sentences and in traditional grammar, which consists of an article and a prediction.

  2. Special and exclusive articles, terms or reservations in a contract, law or agreement.

Sentences of Clause
  1. In the above sentence, the two clauses are connected by string instead of matching.

  2. Contracts usually choose the terms of the law that define the applicable law.

Synonyms of Clause

term, idiom, locution, note, word group, phrasal idiom, part, group of words, expression, subsection, phrasal verb, turn of phrase, clause, passage, point, article, wording, item, heading, idiomatic expression, section, paragraph, construction, set phrase