Top Definition
1. Variance that is reconciled
2. Variance that is known and reconciled
3. Known variance just because
4. Known variance because we know it is a variance
5. Known variance that will not be resolved
6. Variance that is know and reconciled, however not sure what to do with the variance or clear.
I see a $10,000 variance. Its definitely a known variance reconciled (KVR). I don't know what it relates to so let's KVR it.
by KnownVariance June 14, 2012

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