Define : 1) Dynamic error ii) Settling time.
i)Dynamic Error: It is the difference between true values of quantity changing with time and the value indicated by the measurement system if no static error.
ii) Tolerance : Ability of an item or system to withstand high levels of stress or overloading without suffering irreparable harm.
OR
Allowable departure from a specification or standard, considered non-harmful to the functioning of a part, process, or product over its life cycle.
OR
The difference between standard instrument reading and measuring instrument reading is known as error and if this error is permissible then it is called as tolerance
Settling time