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What does average mean?

Looking for the meaning or definition of the word average? Here's what it means.

Noun
  1. (law, marine) Financial loss due to damage to transported goods; compensation for damage or loss. [From 15th C.]
  2. Customs duty or similar charge payable on transported goods.
  3. Proportional or equitable distribution of financial expense.
  4. (mathematics) The arithmetic mean.
  5. (statistics) Any measure of central tendency, especially any mean, the median, or the mode. [from 1735]
  6. (sports) An indication of a player's ability calculated from his scoring record, etc.
  7. (plural) In the corn trade, the medial price of the several kinds of grain in the principal corn markets.
Adjective
  1. (not comparable) Constituting or relating to the average.
  2. Neither very good nor very bad; rated somewhere in the middle of all others in the same category.
  3. Typical.
  4. (informal) Not outstanding, not good, banal; bad or poor.
Verb
  1. (transitive) To compute the average of, especially the arithmetic mean.
  2. (transitive) Over a period of time or across members of a population, to have or generate a mean value of.
  3. (transitive) To divide among a number, according to a given proportion.
  4. (intransitive) To be, generally or on average.
Noun
  1. (Britain, law, obsolete) The service that a tenant owed his lord, to be done by the animals of the tenant, such as the transportation of wheat, turf, etc.
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