exclusion
Definition 1
Specific condition, circumstance, or situation usually listed in a contract as being not covered. All contracts (including insurance policies and construction contracts) contain exclusions, expressly or by implication.
Definition 2
Asset or income that can be legally excluded from computation of gross income. See also exemption.
Mentioned in these definitions
Mentioned in these terms
Popular 'Accounting & Auditing' Terms
exclusion in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/exclusion.html
