avg.

Noun

average (plural averages)

1. Any measure of central tendency, especially any mean, the median, or the mode.
   • You need to show some averages in an executive summary, show some samples of raw data in the document body, and move the full raw data to an appendix.
   1. The arithmetic mean.
      • The average of 10, 20 and 24 is (10 + 20 + 24)/3 = 18.
2. A financial loss due to damage to transported goods; compensation for damage or loss.
   • Historically, the courts have allowed a general average claim only where the loss occurred as a result of the ship being in immediate peril.[…]The court awarded the carrier the general average claim. It noted that “a ship′s master should not be discouraged from taking timely action to avert a...2008, Filiberto Agusti, Beverley Earle, Richard Schaffer, Filiberto Agusti, Beverley Earle, International Business Law and Its Environment, page 219
   1. (dated) Proportional or equitable distribution of financial expense.
   2. (obsolete) Customs duty or similar charge payable on transported goods.
3. An indication of a player's ability calculated from his scoring record, etc.
   • batting average

See all 15 meanings of average