subject to average

subject to average
subject to average
INSURANCE used about an insurance agreement when the amount of insurance on a property is less than the real value of the property, so the amount paid out by the company will be reduced: »

You must adequately insure yourself otherwise you may find yourself subject to average.

Main Entry: subject

Financial and business terms. 2012.

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  • Subject — Refers to a bid or offer that cannot be executed without confirmation from the customer. The New York Times Financial Glossary * * * subject sub‧ject [ˈsʌbdʒɪkt] adjective 1. subject to used to say that something is affected, or can be affected,… …   Financial and business terms

  • subject — Refers to a bid or offer that cannot be executed without confirmation from the customer. In other words, not firm, but a bid/ offer that needs additional information/confirmation before becoming firm and is therefore still negotiable. Bloomberg… …   Financial and business terms

  • average — A mean proportion, medial sum or quantity, made out of unequal sums or quantities. Brisendine v. Skousen Bros., 48 Ariz. 416, 62 P.2d 326, 329. In ordinary usage the term signifies the mean between two or more quantities, measures, or numbers. If …   Black's law dictionary

  • average — A mean proportion, medial sum or quantity, made out of unequal sums or quantities. Brisendine v. Skousen Bros., 48 Ariz. 416, 62 P.2d 326, 329. In ordinary usage the term signifies the mean between two or more quantities, measures, or numbers. If …   Black's law dictionary

  • average — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ annual, five year, monthly, etc. ▪ national ▪ The national average is just over two children per family. ▪ …   Collocations dictionary

  • Average Wholesale Price — The average wholesale price (AWP) is a prescription drugs term referring to the average price at which wholesalers sell drugs to physicians, pharmacies, and other customers. While it the term is intended as such, in practice, it is a figure… …   Wikipedia

  • Average crossing number — In the mathematical subject of knot theory, the average crossing number of a knot is the result of averaging over all directions the number of crossings in a knot diagram of the knot obtained by projection onto the plane orthogonal to the… …   Wikipedia

  • Condition of average — Illustration of the partial payout of Sum Insured against probability of occurrence Condition of average (also called underinsurance[1] in the U.S., or principal of average[2], su …   Wikipedia

  • General average/New version — Average in maritime commerce to signify damages orexpenses resulting from the accidents of navigation. Average is either general or particular. General average arises when sacrifices have been made, or expenditures incurred, for the preservation… …   Wikipedia

  • Standard Average European — (SAE) is a concept introduced by Benjamin Whorf to distinguish Indo European and especially Western Indo European languages from languages of other grammatical types. According to Whorf, people whose languages have very different systems of… …   Wikipedia

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