ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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VARIANCE Definition
VARIANCE, in accounting, is the difference between a projected number and the actual number, e.g. 1. a budget variance is spending either more or less from the amount that was budgeted; and 2. a cost variance is the difference between actual cost and standard cost in the categories of direct material, direct labor, and direct overhead.
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THIN MARKET is a market in which there is not an abundance of securities available, where any activity, either a purchase or sale, may have a substantial effect on market prices. See TIGHT MARKET.
SR see STOCK RESERVE.
