The financial definition for General Average Contribution:
The amount of money paid by each shipper involved in a General Average.
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Contribution
Contribution Money placed in an individual retirement account (IRA), an employer-sponsored retirement plan, or other retirement plan for a particular tax year. Contributions may be deductible or nondeductible, depending on the type of account.
Contribution margin
Contribution margin The difference between variable revenue and variable cost.
Deductible contribution
Deductible contribution Amount paid into an IRA, an employer-sponsored
retirement plan, or other type of retirement plan for a particular tax year that is a
deduction from income for tax purposes.