<p><strong>Noun</strong></p><ul><li>A quantity, rating, or the like that represents or approximates an arithmetic mean: Her golf average is in the 90s.</li><li>A typical amount, rate, degree, etc.; norm.</li><li>Statistics: arithmetic mean.</li><li>Mathematics: a quantity intermediate to a set of quantities.</li><li>Commerce: a charge paid by the master of a ship for such services as pilotage or towage.</li><li>An expense, partial loss, or damage to a ship or cargo.</li><li>The incidence of such an expense or loss to the owners or their insurers.</li><li>An equitable apportionment among all the interested parties of such an expense or loss.</li></ul><p><strong>Adjective</strong></p><ul><li>Of or relating to an average; estimated by average; forming an average: The average rainfall there is 180 inches.</li><li>Typical; common; ordinary: The average secretary couldn't handle such a workload.</li></ul><p><strong>Verb (used with object)</strong></p><ul><li>Averaged, averaging: To find an average value for (a variable quantity); reduce to a mean: We averaged the price of milk in five neighborhood stores.</li><li>(Of a variable quantity) to have as its arithmetic mean: Wheat averages 56 pounds to a bushel.</li><li>To do or have on the average: He averages seven hours of sleep a night.</li></ul><p><strong>Verb (used without object)</strong></p><ul><li>Averaged, averaging: To have or show an average: to average as expected.</li></ul><p><strong>Verb phrase</strong></p><ul><li>To purchase more of a security or commodity at a higher price to take advantage of a contemplated further rise in prices.</li><li>To come out of a security or commodity transaction with a profit or without a loss.</li><li>To reach an average or other figure: His taxes should average out to about a fifth of his income.</li><li>To purchase more of a security or commodity at a lower price to reduce the average cost of one's holdings.</li></ul>