Financial Term: Delta

[Aimster]

Price Billed: $45
Price Paid: $40
Delta $5

That sounds wrong...Delta should be variance.. no?

 

[StevenYoo]

lower case sigma squared is variance

delta usually refers to change

 

[Turin39789]

delta is change.

 

[ivan2]

lol i think your delta is amount still owned.

 

[Aimster]

Well We billed a customer for $45 for something but we actually paid $40 for it. So the Variance is $5. Delta = $5 is an incorrect term.

I just want to double check myself before I go and tell my coworker he is wrong with using the term delta.

 

[BrunoPuntzJones]

He's wrong.