Average - Law Dictionary Search Results
Home Dictionary Name: average Page: 2 Page 2 of about 72 results ( seconds)average price
average price determining the cost of a home by totaling the cost of all houses sold in one area and dividing by the number of homes sold. Source: U.S. Department of Housing and Urban Development ...
Aver-penny or average penny
Aver-penny or average penny, money paid towards the king's averages or carriages, and so to be freed thereof, Cowel....
Average gross sale
Average gross sale, means the amount of total sales divided by the number of sales transactions in a specific period, Black Law Dictionary, 7th Edn., p. 1337....
Average weekly earnings
Average weekly earnings, See WORKMEN'S COMPENSATION ACT....
Insurance
Insurance, see, Income-tax Act, 1961 (43 of 1961), s. 80C, Expl. 1.Insurance, the act of providing against a possible loss, by entering into a contract with one who is willing to give assurance, that is, to bind himself to make good such loss should it occur. In this contract, the chances of benefit are equal to the insured and the insurer. The first actually pays a certain sum, and the latter undertakes to pay a larger, if an accident should happen. The one renders his property secure; the other receives money with the probability that it is clear gain. The instrument by which the contract is made is called a policy; the stipulated consideration, a premium. As to what is known as a coupon policy, i.e., a coupon cut out of a diary, etc., see General Accident, etc., Assce. Corpn. v. Robertson, 1909 AC 404.Insurable Interest must be possessed by the person taking out a policy; he must be so circumstanced as to have benefit from the existence of the person or thing insured, and some preju...
York-Antwerp Rules
York-Antwerp Rules. Optional rules of practice on the subject of general average for the assistance of shipowners, merchants, underwriters and average-adjusters for insertion in bills of lading, charter-parties and policies of insurance. The rules were adopted as a result of a conference of the Associa-tion for Reform and Codification of the Law of Nations at Antwerp in 1877. The Average Adjusters' Rules adopted by the English Association of English Average Adjusters have been drawn for the same purpose....
verdict
verdict [alteration (partly conformed to Medieval Latin veredictum) of Anglo-French veirdit statement, finding, verdict, from Old French veir true (from Latin verus) + dit saying, from Latin dictum] 1 : the usually unanimous finding or decision of a jury on one or more matters (as counts of an indictment or complaint) submitted to it in trial that ordinarily in civil actions is for the plaintiff or for the defendant and in criminal actions is guilty or not guilty compare judgment compromise verdict : a verdict produced not by sincere unanimous agreement on guilt or liability but by an improper surrender of individual convictions ;specif : an impermissible verdict by a jury that is unable to agree on liability and so compromises on an award of damages that is less than what it should be if the plaintiff has a right of recovery free from any doubts di·rect·ed verdict 1 : a verdict granted by the court when the party with the burden of proof has failed to present sufficie...
Allowance
Allowance [fr. locare, Lat.; allocare, allogare, It.; alogar, Prov.; louer, allouer, Fr., to place or assign], a deduction, an average payment, a portion.Also in selling goods, or in paying duties upon them, certain deductions are made from their weights, depending on the nature of the packages in which they are inclosed, and which are regulated in most instances by the custom of merchants, and the rules laid down by public offices. These allowances, as they are termed are distinguished by the epithets draft, tare, tret, and cloff.Draft is a deduction from the original or gross weight of goods, and is substracted before the tare is taken off.Tare is an allowance for the weight of the bag, box, cask, or other package in which goods are weighed.Real, or open tare, is the actual weight of the package.Customary tare is, as its name implies, an established allowance for the weight of the package.Computed tare is an estimated allowance agreed upon at the time.Average tare is when a few packa...
F.G.A
F.G.A., these letters in connection with marine insurance mean 'free from general average.' They sometimes mean 'foreign general average,' and the precise meaning they denote must be gathered from; the context. See AVERAGE (2)....
Dow Jones Index
an index of certain stock prices on the New York Stock Exchange computed by the Dow Jones publishing company as a weighted average of the prices of specific stocks in certain categories Three indices are maintained the Industrials the Transportations and the Utilities When used without qualification the term usually refers to the Dow Jones Industrial Average...
- << Prev.
- Next >>