Average
/ˈævərɪdʒ/
Definitions
- (n.) The result obtained by adding several quantities together and then dividing this total by the number of quantities.
The average of the data points was used to determine the standard rate.
- (adj.) Constituting or amounting to an arithmetic mean.
The average wage in the region is higher than last year.
- (v.) To calculate the mean of a set of values.
The accountant averaged the expenses over the fiscal year.
Forms
- averages
- averaged
- averaging
Commentary
In legal and contractual contexts, specifying whether 'average' means arithmetic mean or another measure is critical to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.