You often see data transfer rates over the Internet measured in Mbps, while local data transfer rates, such as between computers in your home, are measured as MBps. The lowercase b means bit, but an uppercase B means byte.. One byte is worth 8 bits. Therefore, 1 Mb is one-eigth the size of 1 MB.
Statutory interpretation is the act or process of interpreting and applying legislation. It is the principles developed by courts for interpreting statutes. This is also referred to as statutory construction. Sometimes the words of a statute have a plain and straightforward meaning.
Currently, the common law is often distinguished from statutory law. Statutory law refers to laws passed by a legislative body; those laws may modify or reinforce the pre-existing common law, but in either case, statutory law trumps common law. Both are trumped by Constitutional law, which, itself, might be viewed as a sort-of super-statutory law.