That is actually what for me this is about every instrument has a manufactured tolerance. A range that the accuracy is supposed to be with in. The issue is most people don't pay any attention to that. For example the specs on my Accurite state that it will be with in 2ºF +/- of correct. So unless I have a better thermometer I have to accept its deviation. It could be correct spot on or it could be 2 degrees off. 88-92 if it is reading 90. No way of knowing unless you buy one that has finer tolerances. You can get digital ones that are 1º or 0.5º or 0.01º The price goes up monstrously as you get less possibility of error. A traceable one means before it left the factory it was placed on a calibration bench and tested that it was correct and it is certified by the manufacturer with a serial number and the records of that test.
Does this help some?