exception

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Related to took exception: defer to, in its entirety, pick up on, come to fruition, taking exception

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 periodicals archive ?
She said: "The defendant took exception to the complainant speaking to his girlfriend and giving her a hug.
But he was horrified when the bouncer at The Venue, in New Cross, South London, took exception to them.
They took exception to being asked by a security guard to refrain from smoking.
Jonathan Laws took exception when David Sunden asked him to settle a pounds 50 debt.
Being a politically correct numpty, the pub's assistant manageress took exception to a pregnant woman drinking alcohol and asked her to leave.
The Special One took exception to something an Italian reporter said after his side's 1-0 derby defeat in Milan.
Veterans, however, took exception with any suggestion that Vietnam had been a losing experience.
Dowie took exception to Pardew's comments and said: "I'm surprised West Ham have come out.
Temmink took exception to anti-Semetic chants aimed at him by ADO fans.
Thomas and Margaret Robinson took exception to Desmond Clark's driving as they travelled on Whickham Bank, Gateshead, in their Vauxhall Cavalier.
But it seems there were a few Cameron Diaz took exception to and chucked out.
Police spokeswoman Sgt Sue Swift said: ''Mr Hudson was quite correct in giving out the ticket but the driver took exception.