AVERAGE n. 14 definitions
equitable and proportionate distribution of loss or expense among all interested. General average, a contribution made, by all parties concerned in a sea adventure, toward a loss occasioned by the voluntary sacrifice of the property of some of the parties in interest for the benefit of all. It is called general average…
EQUATION n.
d the true qualities or peculiarities in the observer; particularly the difference, in an average of a large number of observation, between the instant when an observer notes a phenomenon, as the transit of a star, and the assumed instant of its actual occurrence; or, relatively, the difference between these instants a…
GIVE v.
der Rein, n. -- To give the sack . Same as To give the bag. -- To give and take. (a) To average gains and losses. (b) To exchange freely, as blows, sarcasms, etc. -- To give time (Law), to accord extension or forbearance to a debtor. Abbott. -- To give the time of day, to salute one with the compliment appropriate…
GROSS a.
dventure (Law) the loan of money upon bottomry, i. e., on a mortgage of a ship. -- Gross average (Law), that kind of average which falls upon the gross or entire amount of ship, cargo, and freight; -- commonly called general average. Bouvier. Burrill. -- Gross receipts, the total of the receipts, before they are dimi…