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."

Investopedia Says:
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.

Related Terms:
Balance Sheet
Earnings Before Interest, Tax, Amortization And Exceptional Items - EBITAE
Fundamental Analysis
Income Statement
Write Down

• Traditional Whole Life Policy
• Trailer Fee
• Trailing
• Trailing EPS
• Trailing Price-To-Earnings (Trailing P/E)
• Trailing Stop
• Trailing Twelve Months (TTM)
• Trailing Twelve Months (TTM)
• Tranches
• Transaction
• Transaction Costs
• Transaction Exposure
• Transaction Risk
• Transfer
• Transfer Agent
• Transfer Of Risk
• Transfer On Death (TOD)
• Transfer On Death (TOD)
• Transfer Payment
• Transfer Price
• Transfer Procedures
• Translation Exposure
• Translation Risk
• Transparency
• Transportation Expenses