exception

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Exception

A proxy which does not authorize the proxy committee to act on its behalf concerning any other business, adjournments or substitutions.

Exception

1. In a publicly-traded company, a proxy that does not authorize the proxy committee to act on his/her behalf. Such a proxy makes his/her own arrangements.

2. In an audit of a financial statement, a note stating that the auditor agrees with a majority of the statement, but not with certain parts. That is, exceptions are written when the auditor believes that the majority of the financial statement is accurate, but that there are a few inaccuracies scattered throughout. Exceptions are noted in the auditor's report.

exception

An auditor's qualification of a financial report that indicates disagreement with an item in the report or limitations to the extent of the audit.

exception

(1) Estates or described lands specifically spelled out in a deed as not passing to the grantee. (2) Liens and claims specifically excluded from the coverage of a title insurance policy. (3) Liens and claims specifically excluded from a contract of sale.

References in classic literature ?
If, then, a man should make this exception and contend that statements and opinions are capable of admitting contrary qualities, his contention is unsound.
Still it is thought, though it is not certain, that we occasionally see the actual surface of this orb, an advantage we do not possess as respects any other of the heavenly bodies, with the exception of the moon and Mars.
Then we cut a quantity of low scrub with our hunting-knives, and creeping into the hole, pulled it over us all, with the exception of Ventvogel, on whom, being a Hottentot, the heat had no particular effect.
I am very, very grateful to you, mon cher," or "ma chere"- he called everyone without exception and without the slightest variation in his tone, "my dear," whether they were above or below him in rank- "I thank you for myself and for our two dear ones whose name day we are keeping.
And Dag Daughtry had proved no exception from his first greeting of "Hello, you white man's dog, what 'r' you doin' herein nigger country?
Look back at the description: 'Hair cut rather short, clean shaven, with the exception of narrow half-whiskers.
The officers (with the exception of Wardour, who stood apart in sullen silence) all agreed, so far.
But a sister of the late lord is so near a relative as to be an exception to general rules.
exception proves the rule" is an expression constantly upon the lips
With the exception of the prison pallor, there was no change in him--at least, not much.
They are all formed of volcanic rocks; a few fragments of granite curiously glazed and altered by the heat, can hardly be considered as an exception.
Madness, I call this: the exception reversed itself to the rule in him.