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The Collaborative International Dictionary of English v.0.48:

Average \Av"er*age\, v. t. [imp. & p. p. Averaged (?); p. pr. & vb. n. Averaging.] 1. To find the mean of, when sums or quantities are unequal; to reduce to a mean. [1913 Webster] 2. To divide among a number, according to a given proportion; as, to average a loss. [1913 Webster] 3. To do, accomplish, get, etc., on an average. [1913 Webster]