**Variance swap** — A variance swap is an over the counter financial derivative that allows one to speculate on or hedge risks associated with the magnitude of movement, i.e. volatility, of some underlying product, like an exchange rate, interest rate, or stock… … Wikipedia

**variance** — var·i·ance / ver ē əns/ n 1: a disagreement between two documents or positions; esp: a disagreement between allegations (as in an indictment or complaint) and proof offered at trial that warrants an appropriate remedy (as a directed verdict or an … Law dictionary

**Variance (land use)** — A variance is a requested deviation from the set of rules a municipality applies to land use known as a zoning ordinance, building code or municipal code. In today’s land use approval environment a variance request can be a fatal flaw for… … Wikipedia

**Variance** — A measure of dispersion of a set of data points around their mean value. The mathematical expectation of the squared deviations from the mean. The square root of the variance is the standard deviation. The New York Times Financial Glossary * * *… … Financial and business terms

**Variance Swap** — A type of volatility swap where the payout is linear to variance rather than volatility. Therefore, the payout will rise at a higher rate than volatility Variance is the square of standard deviation. Because of this, a variance swaps payout will… … Investment dictionary

**Variance** — Va ri*ance, n. [L. variantia.] [1913 Webster] 1. The quality or state of being variant; change of condition; variation. [1913 Webster] 2. Difference that produce dispute or controversy; disagreement; dissension; discord; dispute; quarrel. [1913… … The Collaborative International Dictionary of English

**Variance** — In probability theory and statistics, the variance of a random variable, probability distribution, or sample is one measure of statistical dispersion, averaging the squared distance of its possible values from the expected value (mean). Whereas… … Wikipedia

**variance** — Statistical term that quantifies the dispersion of data such as rates or prices around the mean. For example, highly volatile rates are rates that are sometimes high above the mean and sometimes way below the mean. Less volatile rates are… … Financial and business terms

**Variance (accounting)** — In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned or standard amount and the actual amount incurred/sold. Variances can be computed for both costs and revenues.The concept of variance is… … Wikipedia

**variance** — Civil and criminal practice. A discrepancy or disagreement between two instruments or two pleading allegations in the same cause, which should by law be entirely consonant. Thus, if the evidence adduced by the plaintiff does not agree with the… … Black's law dictionary