- particular average
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a loss at sea, as through accident or negligence, that is borne solely by the owner of the lost property. Abbr.: P.A. Also called particular average loss. Cf. general average.[1765-75]
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Universalium. 2010.
particular average
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Particular average — Particular Par*tic u*lar, a. [OE. particuler, F. particulier, L. particularis. See {Particle}.] 1. Relating to a part or portion of anything; concerning a part separated from the whole or from others of the class; separate; sole; single;… … The Collaborative International Dictionary of English
particular average — ➔ average2 * * * particular average UK US noun [U] INSURANCE, LAW ► an agreement that says that the cost of damage to goods that a ship is carrying is paid for by the owner of the goods, not the shipping company: »His work dealt with all aspects… … Financial and business terms
Particular average — Average Av er*age, n. [OF. average, LL. averagium, prob. fr. OF. aver, F. avoir, property, horses, cattle, etc.; prop. infin., to have, from L. habere to have. Cf. F. av[ e]rage small cattle, and avarie (perh. of different origin) damage to ship… … The Collaborative International Dictionary of English
particular average — A term used in contradistinction to general average, denoting a loss on vessel, cargo, or freight, to be borne by the owner of the particular subject or interest upon which it happens. 48 Am J1st Ship § 621. A term generally regarded as… … Ballentine's law dictionary
particular average — noun : a partial loss in marine insurance that must be borne by the interest or goods sustaining it without benefit of contribution from other interests compare general average * * * Marine Insurance. a loss at sea, as through accident or… … Useful english dictionary
particular average loss — In maritime law, damage sustained by a ship, cargo, or freight that is not recompensed by contribution from all interests in the venture but must be borne by the owner of the damaged property. Dictionary from West s Encyclopedia of American Law.… … Law dictionary
particular average — PA See average … Big dictionary of business and management
particular average — /pəˌtɪkjυlə æv(ə)rɪdʒ/ noun a situation where part of a shipment is lost or damaged and the insurance costs are borne by the owner of the lost goods and not shared among all the owners of the shipment … Dictionary of banking and finance
free of particular average — marine cargo insurance that does not cover partial losses or partial damage unless caused by the vessel being sunk, stranded, burned, on fire, or in a collision. Bloomberg Financial Dictionary * * * free of particular average ˌfree of parˌticular … Financial and business terms
Particular — Par*tic u*lar, a. [OE. particuler, F. particulier, L. particularis. See {Particle}.] 1. Relating to a part or portion of anything; concerning a part separated from the whole or from others of the class; separate; sole; single; individual;… … The Collaborative International Dictionary of English
