particular-average

particular average

noun Marine Insurance.
a loss at sea, as through accident or negligence, that is borne solely by the owner of the lost property. Abbreviation: P.A.
Also called particular average loss.
Compare general average.


Origin:
1765–75

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
particular average
 
n
insurance Compare general average PA partial damage to or loss of a ship or its cargo affecting only the shipowner or one cargo owner

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