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Function and Performance

noun

  • Mathematics) a mathematical relation such that each element of a given set (the domain of the function) is associated with an element of another set (the range of the function. ()
  • What something is used for.
    • usage: "the function of an auger is to bore holes"; "ballet is beautiful but what use is it"
  • The actions and activities assigned to or required or expected of a person or group.
    • usage: "the function of a teacher"; "the government must do its part"; "play its role"
  • A relation such that one thing is dependent on another.
    • usage: "height is a function of age"; "price is a function of supply and demand"
  • A formal or official social gathering or ceremony.
    • usage: "it was a black-tie function"
  • A vaguely specified social event.
    • usage: "the party was quite an affair"; "an occasion arranged to honor the president"; "a seemingly endless round of social functions"
  • A set sequence of steps, part of larger computer program.

verb

  • Perform as expected when applied.
    • usage: "The washing machine won't go unless it's plugged in"; "Does this old car still run well"; "This old radio doesn't work anymore"
  • Serve a purpose, role, or function.
    • usage: "The tree stump serves as a table"; "The female students served as a control group"; "This table would serve very well"; "His freedom served him well"; "The table functions as a desk"
  • Perform duties attached to a particular office or place or function.
    • usage: "His wife officiated as his private secretary"

noun

  • A dramatic or musical entertainment.
    • usage: "they listened to ten different performances"; "the play ran for 100 performances"; "the frequent performances of the symphony testify to its popularity"
  • The act of presenting a play or a piece of music or other entertainment.
    • usage: "we congratulated him on his performance at the rehearsal"; "an inspired performance of Mozart's C minor concerto"
  • The act of performing; of doing something successfully; using knowledge as distinguished from merely possessing it.
    • usage: "they criticised his performance as mayor"; "experience generally improves performance"
  • Any recognized accomplishment.
    • usage: "they admired his performance under stress"; "when Roger Maris powered four home runs in one game his performance merits awe"
  • Process or manner of functioning or operating.
    • usage: "the power of its engine determines its operation"; "the plane's operation in high winds"; "they compared the cooking performance of each oven"; "the jet's performance conformed to high standards"

Performance is the quarterly changes in fund or account values attributable to investment income, realized or unrealized appreciation, and the total gross return to the investors both before and after investment management fees. Formulas for calculating performance information are varied, making comparisons difficult.