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 ?
I think we were all, except the Colonel and the Senior Subaltern, a little disappointed that the scandal had come to nothing.
No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it's inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress.
No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President; neither shall any Person be eligible to that Office who shall not have attained to the Age of thirty five Years, and been fourteen Years a Resident within the United States.
The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States; he may require the Opinion, in writing, of the principal Officer in each of the executive Departments, upon any Subject relating to the Duties of their respective Offices, and he shall have Power to grant Reprieves and Pardons for Offenses against the United States, except in Cases of impeachment.
The Trial of all Crimes, except in Cases of Impeachment, shall be by Jury; and such Trial shall be held in the State where the said Crimes shall have been committed; but when not committed within any State, the Trial shall be at such Place or Places as the Congress may by Law have directed.
The Congress shall have power to declare the punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted.
And, of course, men know best about everything, except what women know better.
They left everything--household goods, clothing, provisions, the horses in the stable, the cows in the field, the negroes in the quarters--all as it stood; nothing was missing-- except a man, a woman, three girls, a boy and a babe
Under these circumstances it is, I believe, quite impossible to explain th transportal of these gigantic masses of rock so many mile from their parent-source, on any theory except by that o floating icebergs.
We got on, however, pretty well but, except the geology, nothing could be less interestin than our day's ride.
The young bulls generally run away, for a short distance; but the old ones do no stir a step, except to rush at man and horse; and man horses have been thus killed.
A little further on, I found the older and smaller wall, which used to enclose the pent-up inner prison where nobody was put, except for ceremony.