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 periodicals archive ?
31, 2005 to permit X to use the recurring-item exception to deduct its equipment rental payment.
Leland, legal counsel for the group, said that, "Absent a compelling government interest to regulate the specific religious activity of a specific religious entity, the federal government must accommodate religious exercise and make exceptions to otherwise applicable laws.
Under the proposed amendments, all payments received or receivable because of a restrictive covenant would, with certain limited exceptions, be taxable on income account to the recipient.
Providing a bright-line principle to law enforcement, the Supreme Court held that where the probable cause was focused was not important when determining whether the exception applies.
Indeed, technology solutions that monitor and help fix errors and exceptions in the order-to-cash process, automate the receivables and collections management process and deliver real-time click-through visibility across the financial transactions are delivering tremendous returns--in revenue assurance, unlocking working capital, reducing operational costs and improving customer interactions.
When this is not done, the reinsurer may forfeit credibility when finger-pointing over ostensible exceptions.
This article explains the four types of key control exceptions CPAs may encounter as well as how to apply materiality to evaluate each one.
I believe that the ECB should keep its targeted interest rate ceiling at its current level, while allowing exceptions for such special shocks as the price of oil.
One exception justifies another and another, because each exception discriminates in favour of the next one; exceptions to a rule become a rule of exceptions; exceptions to the principle accumulate until exception becomes the principle.
If you receive a customer list from a nonaffiliated financial institution in order to provide account processing services under the exception in section 216.
So capitalizing His Word seems to be an exception to all the rules.
The focus of developing component-based software has been on the structure of initialization and normal operation code, with little thought given to exception handling.