What do a.m. and p.m. stand for?

general average

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).
Abbreviation: G.A.
Origin of general average
1690-1700 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for general average
  • The data following illustrate the general average expectancy of a wellbalanced operation and may be used as a guide.
British Dictionary definitions for general average

general average

(insurance) loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo owners GA Compare particular average
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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