AVERAGE COST

The amount it costs to create one unit. The total fixed and variable costs are used in this calculation. The lower the average the better. AKA unit cost.

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AVERAGE COST (AVCO) METHOD

The way the cost of inventory is calculated over a period of time. The cost of the goods and the number are used for this.

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AVERAGE CURRENT ASSETS

The amount of accounts in receivables, cash, and inventory just to name a few. They are easily converted into cash or can be sold in the year.

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AVERAGE DAILY BALANCE (ADB)

The way banks calculate interest on deposits and finance charges for credit cards for their customers. The total balance is divided by the months of the accounts activity left.

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AVENAGE

A certain quantity of oats paid by a tenant to his landlord as rent, or in lieu of some other duties.

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AVENTURE, OR ADVENTURE

A mischance causing the death of a man, as where a person is suddenly drowned or killed by any accident, without felony. Co. Litt. 391.

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AVER

L. Fr. To have.

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AVER CORN

A rent reserved to religious houses, to be paid by their tenants in corn.

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AVER LAND

In feudal law. Land plowed by the tenant for the proper use of the lord of the soil.

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AVER PENNY

Money paid towards the king’s averages or carriages, and so to he freed thereof.

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