general average loss

Marine underwriting. A loss at sea usu. incurred when cargo is thrown overboard to save the ship; a loss due to the voluntary and intentional sacrifice of part of a venture (usu. cargo) to save the rest of the venture from imminent peril.

• Such a loss is borne equally by all the interests concerned in the venture. See AVERAGE(3). [Cases: Insurance 2240. C.J.S. Insurance §§ 1198, 1206.]

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词条贡献者

译员雪梅，国际知名法学院劳动法专业，专注翻译各种与劳动雇佣有关的法律文件。