Business terms and jargon explained. Your business dictionary

What is Variance

This is the difference between the budgeted cost and the actual cost. All business has budgets and these budgets are based on standard costs. If there is a difference, it is either a positive variance or a negative variance.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

 

Yuan	Controlling Interest	Purchasing economies	Average Total Cost (ATC)
Wanton	Insurance	Principal trade	Charitable Trust
Preamble	Lempira	Zaire	Assignee
WTO	Indemnify	In situ	MD5
Overheads	CHAPS	Corporate Strategy	Nemo dat quod non habet
WCO	KPI	Dobra	N268 Civil Court form
Barrel	Boil the ocean	Golden Rule	Age admitted
Non-Resident	Trust	Macro environment	Contingent Discount
Uxor	Escrow	Registry Trust Limited	Balancing Charge
Id est (i.e.)	Free Circulation	Non-Monetary	Procurement

Term created / updated 2005-07-16 23:12:15

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.