Particular average

Related to Particular average: General average, Particular Average Loss

PARTICULAR AVERAGE. This term, particular average, has been condemned as not being exact. See Average. It denotes, in general, every kind of expense or damage, short of total loss which regards a particular concern, and which is to be borne by the proprietor of that concern alone. Between the insurer and insured, the term includes losses of this description, as far as the underwriter is liable. Particular average must not be understood as a total loss of a part; for these two kinds of losses are perfectly distinct from each other. A total loss of a part may be recovered, where a particular average would not be recoverable. See Stev. on Av. 77.

单词	particular average
释义	particular average particular average n (Insurance) insurance partial damage to or loss of a ship or its cargo affecting only the shipowner or one cargo owner. Abbreviation: PA Compare general average EncyclopediaSeepaMedicalSeePA Particular average Related to Particular average: General average, Particular Average Loss PARTICULAR AVERAGE. This term, particular average, has been condemned as not being exact. See Average. It denotes, in general, every kind of expense or damage, short of total loss which regards a particular concern, and which is to be borne by the proprietor of that concern alone. Between the insurer and insured, the term includes losses of this description, as far as the underwriter is liable. Particular average must not be understood as a total loss of a part; for these two kinds of losses are perfectly distinct from each other. A total loss of a part may be recovered, where a particular average would not be recoverable. See Stev. on Av. 77. FinancialSeeWith Average
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