General average
Definition of 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
,
because
it
falls
upon
the
gross
amount
of
ship
,
cargo
,
and
freight
at
risk
and
saved
by
the
sacrifice
.
See
under
Average
,
Court
.
See also:
Average
General
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