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 ?
Mr Rippon said Dowie took exception to the positioning of the lift inside the block of flats and "decided to vent his spleen".
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.
Not surprisingly, the archdiocese took exception to this campaign and ordered all four Catholic schools participating in the program to stop.
However, she took exception to his statement, "In our tradition we do not approach the communion table in any old way.
The local stewards took exception to the unplaced run of Top Of The Left after the lightly raced eight-year-old was beaten just over 32 lengths into seventh by Vanormix in a novice hurdle after appearing to be tenderly handled by conditional Tom Siddall up the home straight.
Coury took exception to comments made by Pfizer regarding the merits of Mylan's amlodipine patent challenge.
It seems like even one of Ginebra's leaders took exception with the selection process of the Gilas Pilipinas' final lineup.
The Italian took exception to Moyes picking up the ball in injury time of City's 2-0 defeat, an action Mancini interpreted as time-wasting, and the pair had to be separated by fourth official Howard Webb before referee Peter Walton's intervention.