Definition of Average:
The apportionment of financial liability resulting from loss of or damage to a ship or its cargo.
A number expressing the central or typical value in a set of data, in particular the mode, median, or (most commonly) the mean, which is calculated by dividing the sum of the values in the set by their number.
Securities trading: Appropriately weighted mean of a basket of selected securities representing general market behavior. Dow Jones Industrial Average (DJIA), which measures the performance of the stocks of 30 the largest US corporations, is one well-known example.
Marine insurance: Average means partial (loss); particular-average loss is borne by one party, and general-average loss is shared by all concerned. Now largely replaced with institute cargo clauses A, B, or C.
Constituting the result obtained by adding together several quantities and then dividing this total by the number of quantities.
Achieve or amount to as an average rate or amount over a period of time.
Quality control: Most common expression of the centering of a distribution computed by dividing the total observed values by the number of observations.
General insurance: The term subject to average means that if the sum insured at the time of a loss is less than the insurable value of the insured property, the amount claimed under the policy will be reduced in proportion to the under-insurance. Also called average clause. See also coinsurance.
General: Number or quantity that is in-between (intermediate to) several quantities and numbers. See also mean.
Synonyms of Average
Mean, Median, Medial, Middle, Everyman, Public, Accustomed, Amidships, As a rule, Average man, Average out, Avoid extremes, Balance, Banal, Besetting, Bisect, Bourgeois, Center, Central, Common, Common man, Common run, Commonplace, Conventional, Core, Current, Customarily, Customary, Dominant, Double, Epidemic, Equatorial, Equidistant, Everyday, Everyman, Everywoman, Fair, Fairish, Familiar, Fold, Garden, Garden-variety, General, Generality, Generally, Girl next door, Golden mean, Habitual, Halfway, Happy medium, Homme moyen sensuel, Household, In the main, Indifferent, Interior, Intermediary, Intermediate, Juste-milieu, Mean, Medial, Median, Mediocre, Mediocrity, Mediterranean, Medium, Mesial, Mezzo, Mid, Middle, Middle course, Middle ground, Middle point, Middle position, Middle state, Middle-class, Middle-of-the-road, Middlemost, Middling, Midland, Midmost, Midpoint, Midships, Midway, Moderate, No great shakes, Norm, Normal, Normally, Normative, Nuclear, Ordinarily, Ordinary, Ordinary Joe, Ordinary run, Pair off, Pandemic, Par, Plastic, Popular, Predominant, Predominating, Prescriptive, Prevailing, Prevalent, Rampant, Regnant, Regular, Regulation, Reigning, Rife, Routine, Ruck, Rule, Ruling, Run, Run-of-mine, Run-of-the-mill, Running, So so, So-so, Split the difference, Standard, Stereotyped, Stock, Strike a balance, Suburban, Take the average, Typical, Typically, Undistinguished, Unexceptional, Universal, Unnoteworthy, Unremarkable, Unspectacular, Usual, Usually, Vernacular, Via media, Wonted, Mean, Median, Mode, Midpoint, Centre
How to use Average in a sentence?
- The height of the average American male is about 57, while the height of the average Japanese male is 56.
- The average temperature in May was 64°F.
- The housing prices there are twice the national average.
- The average age at which people become parents seems to be getting higher as more emphasis is being placed on establishing careers before starting families.
- Particular average signifies the damage or partial loss happening to the ship, or cargo, or freight.
- Annual inflation averaged 2.4 percent.
- The average American household usually contains a married couple and at least two children who all live in the same house.
Meaning of Average & Average Definition