average fare definition

average fare means the average adult fare calculated in accordance with either the “Discount Factor” or the “Basket of Fares” methods as set out within the most up- to-date version of the Department for Transport’s Reimbursement Calculator tool. For the avoidance of doubt, the appropriate method will be selected in accordance with the criteria set out in the Department for
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average fare means total passenger revenue divided by the total linked passenger trips excluding trips by senior citizens participating in the free transit program for senior citizens. (Def. added Oct. 17, 1980, P.L.1083, No.183)
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average fare means total passenger revenue divided by passenger flight segments.
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More Definitions of average fare

average fare means total passenger revenue divided by the
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average fare means the total amount of revenue from all fare products divided by the total ridership of the Regional Transit Service.
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Related to average fare

  • Average weekly discharge limitation means the highest allowable average of "daily discharges'' over a calendar week, calculated as the sum of all "daily discharges'' measured during a calendar week divided by the number of "daily discharges'' measured during that week. Each of the following 7-day periods is defined as a calendar week: Week 1 is Days 1 - 7 of the month; Week 2 is Days 8 - 14; Week 3 is Days 15 - 21; and Week 4 is Days 22 - 28. If the "daily discharge" on days 29, 30 or 31 exceeds the "average weekly" discharge limitation, Ohio EPA may elect to evaluate the last 7 days of the month as Week 4 instead of Days 22 - 28. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Average consumption means the average consumption by a customer of a municipal service during a specific period, which consumption is calculated by dividing by three the total measured consumption of that service by that customer over the preceding three months;

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • Average Market Price means, with respect to any security, the arithmetic average of the Market Price of such security for the 15 consecutive trading day period ending on and including the trading day immediately preceding the determination date.