Extraordinary Item
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Definition of 'Extraordinary Item'Gains or losses included in a company's financial statements, which are infrequent and unusual in nature. These are usually explained further in the "notes to the financial statements." |
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Investopedia explains 'Extraordinary Item'These are the result of unforeseen and atypical events. They are usually accounted for separately so they don't skew the company's regular earnings.An example would be a snowstorm in Hawaii creating extraordinary losses to banana crops. These losses might be written down as a one-time charge due to an extraordinary item. |
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