**Business / Real Estate / Variance:** Permission obtained from governmental zoning authorities to build a structure or conduct a use that is expressly prohibited by the current zoning lows, an exception from the zoning laws. A variance gives some measure of elasticity to the zoning game.

**Variance Adjective Synonyms**: variation, difference, disparity, discrepancy, disagreement, deviation, inconsistency, divergence, incongruity

**Variance Noun Synonyms**: disagreement, misunderstanding, discord, difference (of opinion), dissension, contention, dispute, dissent, controversy, quarrel, conflict, argument, debate, lack of harmony, falling out, schism, rift

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Business / Real Estate / Zoning Variance: A zoning variance permits a change in the specifications required by the zoning ordinance. MORE

Business / Finance / Mean-Variance Criterion: The selection of portfolios based on the means and variances of their returns. The choice of the higher expected return portfolio for a given level of variance or the lower variance portfolio for a gi MORE

Business / Finance / Portfolio Variance: Weighted sum of the covariance and variances of the assets in a portfolio. MORE

Business / Finance / Serial Covariance: The covariance between a variable and the lagged value of the variable; the same as autocorrelation. MORE

Business / Finance / Variance Rule: A measure of dispersion of a set of data points around their mean value. The mathematical expectation of the average squared deviations from the mean. The square root of the variance is the standard d MORE

Business / Finance / Minimum-Variance Frontier: Graph of the lowest possible portfolio variance that is attainable for a given portfolio expected return. MORE