Definition
Marine insurance contract under which a shipper agrees to pay any general-average dues on the occurrence of a general-average loss.
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Nearby Terms
- average accounting return
- average accounts receivable
- average adjuster
- average adjusters
- average age of inventory
- average age of receivables
- average agreement
- average annual current maturities (AACM)
- average annual growth rate (AAGR)
- average annual return (AAR)
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Popular 'General, Marine, & Life Insurance' Terms
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