general average

noun
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:
1690–1700

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World English Dictionary
general average
 
n
insurance Compare particular average GA loss or damage to a ship or its cargo that is shared among the shipowners and all the cargo owners

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
The data following illustrate the general average expectancy of a wellbalanced operation and may be used as a guide.
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