Strain is the deformation of a material from stress. Strain is simply a ratio of the change in length to the original length. Deformations that are applied perpendicular to the cross section are normal strains, while deformations applied parallel to the cross section are shear strains.
There is no unit for strain.

A bolt diameter is specified by its Major diameter.

Welding is permanent type fastening.

Bilateral tolerance is fixed on both sides of the basic size.
In unilateral tolerance, dimensions of a part is allowed to vary only on one side of basic size, either below or above the basic size.
One example may be given here as 1.5000 +0.0005 /-0.0000. Here the tolerance is 0.0005.
It can be comparable to bi-lateral tolerance method of specifying tolerance. An example for above may be 1.5000+0.0002/-0.0002 mm. Here the tolerance is 0.0004.
In the first case (Unilateral Tolerance), dimension is varying between 1.5005 and 1.5000 whereas in the second case (Bi-lateral Tolerance) dimension is varying between 1.4998 to 1.5002.
Application of unilateral system :
Unilateral system is preferred, especially when precision fits are required , because it is easy and simpler to determine deviations. Further, GO gauge ends can be standardized as the holes of different tolerance grades have the same lower limit and all the shafts have same upper limit.
Further, in unilateral system, this form of tolerance greatly assists the operator, when machining of mating parts. The operator maintain lower limit of holes, knowing fully well that he still has some margin left for machining before the part is is rejected.
Application of bilateral system:
In this system, the dimension of the part is allowed to vary on both sides of basic size , i.e. the limits of tolerance lie on either side of basic size, but may be necessarily equally disposed off.