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.
statutory. adj. 1. (Law) of, relating to, or having the nature of a statute. 2. (Law) prescribed or authorized by statute.3. (Law) (of an offence). a. recognized by statute. b. subject to a punishment or penalty prescribed by statute. (ËstaetÊ ËstÃ¦tÊ ÊËtÉr, -i ËtoÊr). i. adjdj. 1. (Law) of, relating to, or having the nature of a statute. 2. (Law) prescribed or authorized by statute. 3. (Law) (of an offence). a. recognized by statute.