The POTENTIAL EXPOSURE of an OVERTHECOUNTER DERIVATIVE based on the average maturity of the transaction. See also TERMINAL EXPOSURE.AVERAGE OPTION See ASIAN OPTION.


“Average charges for toll and transportation” are understood to mean, and do mean, charges made at a mean rate, obtained by dividing the entire receipts for toll AVERAGE 109 AVOWRY and transportation by the whole quantity of tonnage carried, reduced to a common standard of tons moved one mile. Hersh v. Railway Co., 74 Pa. 190.