Law Dictionary Definitions

aviation easement.See avigational easement under EASEMENT.[Blacks Law 8th]

averment  of  notice.A  statement  in  a  pleading  that  someone  else  has  been  properly  notified about some fact. See NOTICE.[Blacks Law 8th]

averment    (<<schwa>>-v<<schwa>>r-m<<schwa>>nt),    n.    A    positive    declaration    or a affirmation of fact; esp., an assertion or allegation in a pleading <the plaintiff’s averment that the defendant ran a red light>. Cf. ASSEVE-RATE. immaterial averment.An averment that alleges something in needless detail; a statement that goes far beyond what is in issue. • This type of averment…

averaging up.An investment strategy in a rising market in which equal numbers of shares are purchased  at  suc-cessively  higher  prices  to  reduce  the  investment’s  average  cost  basis.  •  For example, if an investor buys an equal number of shares at $10, $13, $15, and $18, the average cost per share is $14.[Blacks Law 8th]

averaging down.An investment strategy in which shares in the same company are purchased at successively lower prices to achieve a lower average cost than the first purchase.[Blacks Law 8th]

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]