For example, for a fund with a mean annual return of 10% and a standard deviation of 2%, you would expect the return to be between 8% and 12% about 68%of the time, and between 6% and 14% about 95% of the time.
An act of a legislature that declares, proscribes, or commands something; a specific law, expressed in writing. A statute is a written law passed by a legislature on the state or federal level. Statutes set forth general propositions of law that courts apply to specific situations. A statute may forbid a certain act, direct a certain act, make a declaration, or set forth governmental mechanisms to aid society.
STATUTE. A law established by an act of the legislature. Under the U.S. and state constitutions, statutes are considered the primary source of law in the U.S. -- that is, legislatures make the law (statutes) and courts interpret the law (cases). law established by an act of the legislature. Under the U.S. and state constitutions, statutes are considered the primary source of law in the U.S. -- that is, legislatures make the law (statutes) and courts interpret the law (cases).