Also known as: avg.
AVG has various meanings in the Business & Finance category. Discover the full forms, definitions, and usage contexts of AVG in Business & Finance.
A common marine insurance term. An early meaning (c.1500) of the word average is 'damage sustained at sea'. The root is found in Arabic as awar, in Italian as avaria and in French as avarie. Hence an average adjuster is a person who assesses an insurable loss.
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