average
101average clause — ➔ clause * * * average clause UK US noun [C] INSURANCE ► a part of an insurance policy that states that if the insurance value of a property at the time of loss or damage is less than its real value, payment by the insurance company will be… …
102average statement — ➔ statement * * * average statement UK US noun [C] INSURANCE ► a document that states the amount owed by the owners of a ship or the goods it carries, and the amount owed by an insurance company, when they share the cost of any damage or loss …
103average daily cost — UK US noun [S] (ABBREVIATION ADC) ACCOUNTING ► the average amount of money spent each day on a particular task, which is calculated by dividing the total amount of money spent by the number of days that were needed to finish the task: »The… …
104average daily sales — UK US noun [plural] COMMERCE ► the average number of products that are sold each day, calculated by dividing the total number that were sold in a particular period by the number of days in that period: »The newspaper posted average daily sales of …
105average income — UK US noun [C or U] ECONOMICS, HR ► AVERAGE EARNINGS(Cf. ↑average earnings) …
106average inflation rate — UK US noun [C] ECONOMICS ► the average rate at which the prices of goods and services change within a year, for example, when comparing different countries: »Inflation in the smaller OECD countries fell last year, and this year the average… …
107average pay — UK US noun [U] ECONOMICS, HR ► AVERAGE SALARY(Cf. ↑average salary) …
108average wage — UK US noun [C] ECONOMICS, HR ► AVERAGE SALARY(Cf. ↑average salary) …
109average, median, mean — Average applies to what is midway between extremes on a scale of evaluation. With a series of numbers, you would find the average by adding them and dividing by their number. You would find the median by discovering the middle number in an… …
110average costing — noun (business) A method of calculating the average cost of producing one unit by taking the total manufacturing costs for a period and dividing by the number of units produced • • • Main Entry: ↑average …
