average bond

average bond
See general average bond.

Ballentine's law dictionary. . 1998.

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  • average bond — A promise to pay general average contributions, if required. If a general average loss occurs during a marine voyage the carrier has a right to take part of the cargo as payment of the cargo owners contribution to the loss. As an alternative to… …   Big dictionary of business and management

  • average bond — noun marine insurance : a bond required to procure delivery of goods and given by a consignee to the master of a ship for prompt payment of any chargeable general average when its amount is ascertained …   Useful english dictionary

  • general average bond — A kind of bond, also called an average bond, which it is customary and lawful for the master of a ship to exact as a condition precedent to the delivery of the cargo in case a dispute has arisen as to liability for general average, or where… …   Ballentine's law dictionary

  • general average bond — Type of bond required by master of ship as security for general average contribution before master delivers the cargo …   Black's law dictionary

  • general average bond — Type of bond required by master of ship as security for general average contribution before master delivers the cargo …   Black's law dictionary

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

  • average — 1) A single number used to represent a set of numbers; mean. See arithmetic mean; geometric mean; median; weighted average 2) A partial loss in marine insurance (from French: avarie, damage). In general average (GA), a loss resulting from a… …   Big dictionary of business and management

  • Bond duration — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Bond-dissociation energy — In chemistry, bond dissociation energy (BDE) or D0, is one measure of the bond strength in a chemical bond. It is defined as the standard enthalpy change when a bond is cleaved by homolysis,[1] with reactants and products of the homolysis… …   Wikipedia

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