discrepancy

Any deviation from the conditions stipulated in a letters of credit ( letter of credit). Discrepancies void letter of credit protection. Bloomberg Financial Dictionary

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discrepancy di‧screp‧an‧cy [dɪˈskrepənsi] noun discrepancies PLURALFORM [countable, uncountable]
a difference between two numbers, amounts, details etc that ought to be the same:

• Money managers warn that individual investors may find wide discrepancies in the prices they are quoted.

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discrepancy UK US /dɪˈskrepənsi/ noun [C or U] (plural discrepancies)
a difference between two figures, results, etc. that are expected to be the same: »

A balance sheet review uncovered discrepancies totalling €30 million.

»

Shareholders questioned the discrepancy between pay figures in the trust's annual report and those shown in the accounts.

»

Employers will have 90 days to resolve discrepancies in their records.

»

a huge/growing/wide discrepancy

account for/explain a discrepancy »

An official spokesman refused to explain the discrepancy.


Financial and business terms. 2012.

Look at other dictionaries:

  • Discrepancy — may refer to: Mathematics Discrepancy of a sequence Discrepancy theory in structural modelling Discrepancy of hypergraphs, an area of discrepancy theory Statistics Discrepancy function in the context of structural equation models Other Desire… …   Wikipedia

  • discrepancy — mid 15c. (discrepance), from L. discrepantia discordance, discrepancy, from discrepantem (nom. discrepans), prp. of discrepare sound differently, differ, from dis apart, off (see DIS (Cf. dis )) + crepare to rattle, crack. Related: Discrepancies …   Etymology dictionary

  • discrepancy — I noun aberration, anomaly, asymmetry, clash, conflict, contradiction, contrast, departure, deviation, difference, differential, differentiation, disaccord, disagreement, discongruity, discord, discordance, disharmony, disparity, disputed point,… …   Law dictionary

  • discrepancy — [n] conflict, disagreement alterity, contrariety, difference, discordance, disparity, dissemblance, dissimilarity, dissimilitude, dissonance, distinction, divergence, divergency, error, far cry*, incongruity, inconsistency, miscalculation,… …   New thesaurus

  • discrepancy — ► NOUN (pl. discrepancies) ▪ an illogical or surprising lack of compatibility between facts. DERIVATIVES discrepant adjective. ORIGIN Latin discrepantia, from discrepare be discordant …   English terms dictionary

  • discrepancy — [di skrep′ən sē] n. pl. discrepancies [ME discrepauns < OFr discrepance < L discrepantia < discrepans, prp. of discrepare, to sound differently < dis , from + crepare, to rattle: see CRAVEN] lack of agreement, or an instance of this;… …   English World dictionary

  • discrepancy — noun ADJECTIVE ▪ big, glaring, great, huge, large, major, marked, material (law, esp. BrE), serious, significant …   Collocations dictionary

  • discrepancy — n. 1) a glaring, striking, wide discrepancy 2) a discrepancy between; in * * * [dɪs krep(ə)nsɪ] in striking wide discrepancy a glaring a discrepancy between …   Combinatory dictionary

  • discrepancy — di|screp|an|cy [dıˈskrepənsi] n plural discrepancies [U and C] [Date: 1400 1500; : Latin; Origin: discrepare to make unpleasant sounds that do not go together ] a difference between two amounts, details, reports etc that should be the same… …   Dictionary of contemporary English

  • discrepancy — UK [dɪsˈkrepənsɪ] / US [dɪˈskrepənsɪ] noun [countable/uncountable] Word forms discrepancy : singular discrepancy plural discrepancies a difference between things that should be the same a discrepancy between estimated and actual spending There… …   English dictionary

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