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General Average |
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General AverageProvision in maritime law where all shippers on a given voyage would reimburse the ship line in the event of vessel sinking or catastrophic damage. It also provides for the reimbursement to those shippers whose cargo was thrown overboard in order to save the vessel.General Average Similar MatchesGeneral Agreement on Tariffs and Trade (GATT)General Agreement on Tariffs and Trade (GATT)A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries. General MembershipGeneral MembershipA partnership made up of general partners, without special (limited) partners. General cash offerGeneral cash offerA public offering made to investors at large. General Mortgage BondGeneral Mortgage BondIn the US, this refers to a bond that is secured by a blanket mortgage on the issuing company's property, though it may be outranked by one or more other mortgages. General Agreement on Tariffs and TradeGeneral Agreement on Tariffs and TradeA multilateral treaty entered into in 1948 by the intended members of the International Trade Organization, the purpose of which was to implement many of the rules and negotiated tariff reductions that would be overseen by the ITO. With the failure of the ITO to be approved, the GATT became the principal institution regulating trade policy until it was subsumed within the WTO in 1995. Further SuggestionsGeneral Agreement on Trade in Servicesannual general meeting Generalized System of Preferences General partnership General lien General ledger General equilibrium general obligation bond Generally Accepted Accounting Principles (GAAP) General Order general lien General Average Contribution Computable general equilibrium General Lien extraordinary general meeting General partner General revenue General Agreement on Tariffs and Trade Director General general personal equity plan |
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