It is provisional (so only holds until proved incorrect, or 'falsified').
It is based on, often hidden, fundamental assumptions and beliefs.
There are a number of others.
i.e. It is often based on a mathematical abstraction of a limited part of nature.
It is normally founded on interpretations of observations, which are consistent with much of the evidence, but rarely all.
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Here are three slightly different:
1) It is based on observation and experiment.
2) If observations and experiments continue to support the theory, it may become widely accepted.
3) If it becomes widely accepted, it may be used to explain and possibly predict natural phenomena.
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A scientific theory explains some observed phenomenon, it makes testable predictions, it is consistent with other scientific and mathematical knowledge.
To propose a Theory and to make a Theory into a Law
A scientific theory is an explanation of some natural phenomenon. A scientific law is a succinct statement of some aspect of a scientific theory.
That would depend on the scientific theory in question.
scientific theory