exception

exception
A proxy which does not authorize the proxy committee to act on its behalf concerning any other business, adjournments or substitutions. Bloomberg Financial Dictionary

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exception ex‧cep‧tion [ɪkˈsepʆn] noun [countable]
INSURANCE a particular event or risk that is mentioned in an insurance policy as something that the policy does not cover; = EXCLUSION:

• Unless the claim is ruled out by one of the policy exceptions, then every consideration should be given for settlement.

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exception UK US /ɪkˈsepʃən/ noun [C]
► someone or something that is not included in a rule, group, or list, or that does not behave in the expected way: »

Most of these states have moderate property taxes; Arizona's very high business property taxes are an exception.

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The condition covering cotton textiles was agreed as an exception to the general trade rules.

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Carriage is free on all orders with the exception of urgent deliveries.

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Businesses exist to make a profit, and banks are no exception.

► IT a problem or special condition that stops a computer program from processing information in the normal way: »

The system identifies the point in the program where the exception occurred.

► (also exclusion) INSURANCE a risk that is not included in an insurance policy: »

Medical insurance has more exceptions than most types of insurance.

► LAW, PROPERTY a condition in a property agreement that limits an owner's rights
► COMMERCE a note on a bill of lading stating that goods that have been received to be sent somewhere are damaged or less than the correct quantity
● make an exception — Cf. make an exception

Financial and business terms. 2012.

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Look at other dictionaries:

  • exception — [ ɛksɛpsjɔ̃ ] n. f. • 1243 dr.; lat. exceptio, de excipere « retirer, excepter » → exciper 1 ♦ Action d excepter. Il ne sera fait aucune exception à cette consigne. ⇒ dérogation, restriction. Faire une exception pour qqn, en faveur de qqn. Faire… …   Encyclopédie Universelle

  • exception — ex·cep·tion n 1: something that is excepted or excluded; esp: a situation to which a rule does not apply the supreme Court shall have appellate jurisdiction, both as to law and fact, with such exception s, and under such regulations as the… …   Law dictionary

  • exception — Exception. s. f. v. L action par laquelle on excepte. Faire exception, une exception, sans exception. n y a t il point d exception? il n y a regle si generale qui n ait son exception. cela ne souffre point d exception. l exception confirme la… …   Dictionnaire de l'Académie française

  • exception — et clause qui borne une generalité, Exceptio. Bailler exception, Dare exceptionem. Bailler toute puissance et authorité sans aucune exception, Infinitum imperium dare alicui, B. Ceste exception arreste le demandeur tout court, Haec obiecta… …   Thresor de la langue françoyse

  • exception — [ek sep′shən, iksep′shən] n. [ME excepcioun < OFr exception < L exceptio] 1. an excepting or being excepted; omission; exclusion 2. anything that is excepted; specif., a) a case to which a rule, general principle, etc. does not apply b) a… …   English World dictionary

  • exception — late 14c., from Anglo Fr. excepcioun, O.Fr. excepcion, from L. exceptionem (nom. exceptio), noun of action from pp. stem of excipere (see EXCEPT (Cf. except)). The exception that proves the rule is from law: exceptio probat regulam in casibus non …   Etymology dictionary

  • exception — ► NOUN 1) a person or thing that is excepted or that does not follow a rule. 2) the action of excepting or the state of being excepted. ● the exception proves the rule Cf. ↑the exception proves the rule ● take exception to Cf. ↑ta …   English terms dictionary

  • Exception — Ex*cep tion ([e^]k*s[e^]p sh[u^]n), n. [L. exceptio: cf. F. exception.] 1. The act of excepting or excluding; exclusion; restriction by taking out something which would otherwise be included, as in a class, statement, rule. [1913 Webster] 2. That …   The Collaborative International Dictionary of English

  • exception — The proverb the exception proves the rule means ‘the existence of an exception shows that a rule exists in those cases that are not exceptions’. It should not be used to mean ‘the exception becomes the rule’, although this is often found …   Modern English usage

  • Exception — may refer to: * An action that is not part of ordinary operations or standards * exception handling * Exception (song), the second single from Ana Johnsson s second album Little Angel *Exceptional Records …   Wikipedia

  • exception — [n1] leaving out barring, debarment, disallowment, excepting, exclusion, excusing, expulsion, noninclusion, omission, passing over, rejection, repudiation, reservation; concepts 25,30,211 Ant. admittal, admittance, allowance, inclusion exception… …   New thesaurus

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