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 ?
Following a 1993 CE profile, Jones took exception to his portrayal as a critic of the Clinton health-care plan.
The court also took exception to a website which is reportedly involved in spreading misleading information against transgender persons.
The JI chief took exception to the government's plan to privatise airports, terming the move against the national interest.
Antonio Tinio took exception to presidential spokesperson Harry Roque's statement that 'conspiracy' could be a ground to arrest activists belonging to legal groups.
ISLAMABAD -- Speaker National Assembly Sardar Ayaz Sadiq on Thursday took exception on not receiving replies of questions from Ministry of National Health Services, Regulations and Coordination.
A FEW weeks ago Roger Lee took exception to a reference I made about Tony Blair in an earlier letter of mine.
He took exception to airing picture of ISI chief General Zaheer-ul-Islam in connection to attack of Hamid Mir, saying "ISI is considered among top intelligence agencies of the world and blaming such a prestigious institution was not right," he added.
But the main talking point came on 25 minutes when Yiadom Yeboah took exception to a foul by Seb Hamilton.
Miss Morland said the concerned students intervened in an argument between Lockley, of Poplar View, Halifax, and his girlfriend and the 18-year-old took exception to that.
But he was horrified when the bouncer at The Venue, in New Cross, South London, took exception to them.
Wayne Dowie, who had been drinking heavily, took exception to the men warning him to be careful because the lift at the West Bromwich tower block was more than 2ft off the floor.
But boss Martin took exception to Little's lunge on Barr and felt whistler Robertson had a day to forget in general.