The act of excepting or excluding from a number designated or from a description; that which is excepted or separated from others in a general rule or description; a person, thing, or case specified as distinct or not included; an act of excepting, omitting from mention, or leaving out of consideration. Express exclusion of something from operation of contract or deed. An exception operates to take something out of a thing granted that would otherwise pass or be included.
Objection to an order or ruling of a trial court. A formal objection to the action of the court, during the trial of a case, in refusing a request or overruling an objection; implying that the party excepting does not acquiesce in the decision of the court, but will seek to procure its reversal, and that he or she means to save the benefit of his or her request or objection in some future proceeding. Under rules practiced in the federal and most state courts, the need for claiming an exception to evidence or to a ruling to preserve appellate rights has been eliminated in favor of an objection.
- Exchange - Stock Exchanges, Futures Exchanges, The Auction Market Principle, Computerized And Over-the-counter Trading
- Other Free Encyclopedias