Difference engine

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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
An actual difference engine (3186912).jpg
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An old fashioned way of saying a computer.

A difference engine, first created by Charles Babbage, is an mechanical calculator designed to calculate polynomial functions. So-called because of its “method of dividing differences, a way to interpolate or tabulate functions by using a small set of polynomial co-efficients.”

No idea what that means.