AVERMENT

In pleading. A positive statement of facts, in opposition to argument or inference. 1 Chit. PI. 320. In old pleading. An offer to prove a plea, or pleading. The concluding part of a plea, replication, or other pleading, containing new affirmative matter, by which the party offers or declares himself Òready to verify.Ó

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AVERRARE

In feudal law. A duty required from some customary tenants, to carry goods in a wagon or upon loaded horses.

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AVERSIO

In the civil law. An averting or turning away. A term applied to a species of sale in gross or bulk. Letting a house altogether, instead of in chambers. 4 Kent, Comm. 517.

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AVERSIO PERICNLI

A turning away of peril. Used of a contract of insurance. 3 Kent, Comm. 263.

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AVERUM

Goods, property, substance; a beast of burden. Spelman.

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AVET

A term used in the Scotch law, signifying to abet or assist.

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AVERAGE UP

When an investor buys long position shares to reduce prices and make more profit. Compare this term to average down and dollar cost averaging.

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AVIATICUS

In the civil law. A grandson.

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AVERAGE VARIABLE COST

Any nonfixed costs used to create a product. They can be labor or electricity just to name two.

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