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Variance

Technical Finance Buzzword Finance

The gap between budgeted and actual. Finance asks you to 'explain the variance' monthly — a ritual in which last quarter's estimates confront reality, and reality declines to apologize.

Heard in the wild

“There's a $40K unfavorable variance in maintenance — the boiler emergency.”

Tone check: Technical

Keep receipts on every overage as it happens. Variance explanations written from memory read like alibis.

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