extraordinary items
Items that are material, not expected to recur frequently and derive from outside the ordinary activities of the company. Contrast this with an exceptional item, which is derived from within the ordinary activities of the company. The impact that extraordinary items have on profit does not give a true indication of the profitability of the company's business.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

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  • extraordinary items — /ɪk strɔ:d(ə)n(ə)ri ˌaɪtəmz/ plural noun formerly, large items of income or expenditure which did not arise from normal trading and which did not occur every year (they were shown separately in the P&L account, after taxation) …   Dictionary of banking and finance

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