Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

average

Read a random definition: recordation

A quick definition of average:

An average is a single value that represents a group of things. It can be the mean, median, or mode of a series of numbers. It is also the typical level or norm. In maritime law, it can refer to accidental partial loss or damage to a ship or its cargo during a voyage. There are different types of averages, such as general average, which is a contribution by all parties involved in a commercial voyage towards a loss sustained by some for the benefit of all, and particular average, which is a loss borne solely by the person who suffered it. The term "average" also has a historical meaning, referring to a service due from a feudal tenant to a lord, but its exact nature is unclear.

A more thorough explanation:

Definition: A single value that represents a broad sample of subjects; especially in mathematics, the mean, median, or mode of a series. The ordinary or typical level; the norm. In maritime law, accidental partial loss or damage to an insured ship or its cargo during a voyage.

  • Mathematics: If you have a set of numbers, you can find the average by adding them all up and dividing by the number of values. For example, the average of 2, 4, and 6 is (2+4+6)/3 = 4.
  • Maritime Law: If a ship is damaged during a voyage, the cost of the damage may be shared among all parties involved in the voyage. This is called general average. For example, if a ship has to jettison some cargo to avoid sinking, the cost of the lost cargo may be shared among all parties involved in the voyage.

These examples illustrate how the term "average" can be used in different contexts. In mathematics, the average is a way to represent a set of numbers with a single value. In maritime law, the average is a way to share the cost of accidental damage or loss among all parties involved in a voyage.

aver | average cost

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
LSD+ is ad-free, with DMs, discounts, case briefs & more.