Usually means: Average adjusted by relative importance.
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We found 22 dictionaries that define the word weighted average:

General (9 matching dictionaries)
  1. weighted average: Longman Dictionary of Contemporary English
  2. weighted average: Merriam-Webster
  3. weighted average: Oxford Learner's Dictionaries
  4. weighted average: Collins English Dictionary
  5. Weighted-Average, Weighted-average, weighted-average: Wordnik
  6. weighted average: Wiktionary
  7. weighted average: Dictionary.com
  8. Weighted average: Wikipedia, the Free Encyclopedia
  9. weighted average: TheFreeDictionary.com

Business (7 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. WEIGHTED AVERAGE: Accounting Glossary
  3. Weighted average: Moneyterms
  4. Weighted Average: Investopedia
  5. Weighted Average: Financial dictionary
  6. Accounting, Business Studies and Economics Dictionary (No longer online)
  7. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. weighted average: Encyclopedia

Science (3 matching dictionaries)
  1. GLOSSARY OF ORDINATION-RELATED TERMS (No longer online)
  2. weighted average: PlanetMath Encyclopedia
  3. Weighted average: Fundamental Statistics for the Behavioral Sciences

Tech (2 matching dictionaries)
  1. Glossary of Meteorology (No longer online)
  2. Lake and Water Word Glossary (No longer online)

Definitions from Wiktionary (weighted average)

noun:  An arithmetic mean of values biased according to agreed weightings.

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