Nonrecurring Charge
Barron's Business Dictionary:
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Nonrecurring Charge
One-time expense or write-off appearing in a company’s financial statement; also called extraordinary charge. Nonrecurring charges would include, for example, a major fire or theft, the write-off of a division, and the effect of a change in accounting procedure.
| Nonrecourse Debt, Nonrecognition Transaction, Nonpublic Information | |
| Nonrefundable, Nonrefundable Fee or Nonrefundable Deposit, Nonrenewable Natural Resources |
Investopedia Financial Dictionary:
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Nonrecurring Charge
An expense occurring only once on a company's financial statement.
Investopedia Says:
An extraordinary item is an example of a nonrecurring charge.
Also known as "nonrecurring item".
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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