Usually means: Shared loss among shipping parties.
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We found 21 dictionaries that define the word General average:

General (11 matching dictionaries)
  1. general average: Merriam-Webster
  2. general average: Oxford Learner's Dictionaries
  3. general average: Collins English Dictionary
  4. general average: Wordnik
  5. general average: Infoplease Dictionary
  6. General average, general average: Dictionary.com
  7. General average: Wikipedia, the Free Encyclopedia
  8. general average: FreeDictionary.org
  9. general average: TheFreeDictionary.com
  10. general average, General average: Longman Dictionary of Contemporary English

Art (1 matching dictionary)
  1. Epicurus.com Coffee Glossary (No longer online)

Business (9 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Duhaime's Canadian law dictionary (No longer online)
  3. THE 'LECTRIC LAW LIBRARY'S REFERENCE ROOM (No longer online)
  4. General Average: Bloomberg Financial Glossary
  5. eyefortransport e-commerce transportation glossary (No longer online)
  6. Abbreviations in shipping (No longer online)
  7. General average: Legal dictionary
  8. General Average: Financial dictionary
  9. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (General average)

noun:  The law of general average is a principle of maritime law whereby all stakeholders in a sea venture proportionately share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency.

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