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.
LIBID is the London Interbank Bid Rate, the rate that a bank is willing to pay for funds in the international interbank market.
IRR see INTERNAL RATE OF RETURN.
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