loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo owners
Abbreviation: GA
Compare particular average
WordReference Random House Unabridged Dictionary of American English © 2025
gen′eral av′erage,
- Business[Insurance.]any damage or loss to a ship or its cargo voluntarily sustained, as freight jettisoned in a storm, by all parties to a voyage (distinguished from particular average). Abbr.: G.A.
- 1690–1700
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'general average' also found in these entries (note: many are not synonyms or translations):