Definition of expectations:
(n) :
The act or state of expecting or looking forward to an event as about to happen.
(n) :
That which is expected or looked for.
(n) :
The prospect of the future; grounds upon which something excellent is expected to occur; prospect of anything good to come, especially of property or rank.
(n) :
An implicit obligation or duty held by another in someone's view.
(n) :
The value of any chance (as the prospect of prize or property) which depends upon some contingent event.
(n) :
(statistics) The first moment; the expected value; the long-run average value of a variable over many independent repetitions of an experiment.