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average variable cost.The average cost per unit of output, arrived at by dividing the total cost (fixed cost and variable cost) by output. See COST (1). Cf. LONG-RUN INCREMENTAL COST.[Blacks Law 8th]

average tax rate.See TAX RATE.[Blacks Law 8th]

average gross sales.See SALE.[Blacks Law 8th]

average daily balance.See DAILY BALANCE.[Blacks Law 8th]

average cost.See COST(1).[Blacks Law 8th]

average bond.See BOND(2).[Blacks Law 8th]

average,n.1. A single value that represents a broad sample of subjects; esp., in mathematics, the mean, median, or mode of a series. 2. The ordinary or typical level; the norm. 3.Maritime law. Accidental partial loss or damage to an insured ship or its cargo during a voyage. [Cases: Shipping 186–202. C.J.S. Shipping §§ 458–470.] —…

aver (<<schwa>>-v<<schwa>>r), vb. To assert positively, esp. in a pleading; to allege.[Blacks Law 8th]

avail of marriage.See VALOR MARITAGII.[Blacks Law 8th]

availment,n. The act of making use or taking advantage of something for oneself <availment of the benefits of public office>. — avail,vb.[Blacks Law 8th]