Definition of general average in English:

general average

Line breaks: gen|eral aver|age

Entry from British & World English dictionary

noun

[mass noun]
  • (In maritime law) the apportionment of financial liability for the loss arising from the jettisoning of cargo by dividing the costs among all those whose property (ship or cargo) was preserved by the action.

More definitions of general average

Definition of general average in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day kerf
Pronunciation: kəːf
noun
a slit made by cutting with a saw