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What does volatility mean?

Looking for the meaning or definition of the word volatility? Here's what it means.

Noun
  1. The state of being volatile
    1. (uncountable) The state of having a low boiling point and evaporating readily
    2. (computing) The state of not retaining data in the absence of power.
    3. (uncountable) The state of being able to fly.
    4. (uncountable) The state of being unpredictable
    5. (finance, countable) A quantification of the degree of uncertainty about the future price of a commodity, share, or other financial product
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First, we briefly review the related literature, then present a simple binomial model under a stochastic volatility and jump economic world.
His character's primary trait is volatility, which is handy for saloon brawls and shoot-outs.
The principals could not cope with volatility in the foreign exchange market.
In this industry we don't have, except maybe for the anti-infectives, we don't have this tremendous volatility and demand.
Vega, our fourth and final risk measure, quantifies risk exposure to implied volatility changes.
Finally, in unusual circumstances such as extreme market volatility, SIMEX may require a broker to deposit additional margin.

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