Definitions for **"Average"**

A contribution to a loss or charge which has been imposed upon one of several for the general benefit; damage done by sea perils.

A mean proportion, medial sum or quantity, made out of unequal sums or quantities; an arithmetical mean. Thus, if A loses 5 dollars, B 9, and C 16, the sum is 30, and the average 10.

Any medial estimate or general statement derived from a comparison of diverse specific cases; a medium or usual size, quantity, quality, rate, etc.

A tariff or duty on goods, etc.

Any charge in addition to the regular charge for freight of goods shipped.

The equitable and proportionate distribution of loss or expense among all interested.

a statistic describing the location of a distribution; "it set the norm for American homes"

approximating the statistical norm or average or expected value; "the average income in New England is below that of the nation"; "of average height for his age"; "the mean annual rainfall"

a single value that summarizes the position of the sample measurements with respect to the range of values possible for the measurements

of no exceptional quality or ability; "a novel of average merit"; "only a fair performance of the sonata"; "in fair health"; "the caliber of the students has gone from mediocre to above average"; "the performance was middling at best"

around the middle of a scale of evaluation of physical measures; "an orange of average size"; "intermediate capacity"; "a plane with intermediate range"; "medium bombers"

achieve or reach on average; "He averaged a C"

relating to or constituting the most frequent value in a distribution; "the modal age at which American novelists reach their peak is 30"

See insurance.

A term used in property insurance whereby in the event of under insurance the amount of the indemnity which is recoverable by the insured is reduced to proportion that the sum insured bears to the actual values at risk. Thus for example in a case where a loss amounting to 1,000 occurs on a policy with a sum insured of 10,000 but where the value at risk was not 10,000 but 20,000 the amount payable to the insured will not be 1,000 but will be 1,000 x 10,000/20,000 = 500

in general insurance, this is a policy provision which has the effect of reducing a claim payment where under-insurance is discovered.

a numerical compromise between different viewpoints

the percentage of targets the shooter has hit out of the total shot at.

The contestant's points are combined from all go-rounds and the contestant with the highest total points wins the average.

a midpoint, with roughly half the cases falling on either side of it

propensity to save The ratio of saving to disposable income.

To do, accomplish, get, etc., on an average.

Referring to what the majority of the population has for penis size.

Referring to a moving average of settlement prices.

The average temperature of this area is getting higher and higher every year.

the normal amount

compute the average of