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Finance Dictionary and Glossary of Investment Terms
exceptional item
Definition 1.
Costs which alter a company's earnings during a given reporting period and which are a part of the company's normal activities but are unusually large.
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Definition 2.
Charges incurred that must be noted upon a company's balance sheet according to GAAP principles. Even though these are considered to be a part of ordinary business charges, due to their sheer size or frequency, they must be accordingly disclosed.
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