Averaging
/ˈævərɪdʒɪŋ/
Definitions
- (n.) The calculation of a mean value from a set of figures or data, often used in legal contexts like damages assessment or financial reporting.
The averaging of damages was necessary to determine fair compensation.
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Commentary
In legal drafting, specify the method of averaging when relevant to avoid ambiguity in calculations or assessments.
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.