Nonrecurring
Nonrecurring refers to events, expenses, or occurrences that do not happen repeatedly over time. These are singular instances that are not expected to reoccur in a consistent pattern. In financial contexts, nonrecurring items are often extraordinary or unusual in nature, making them distinct from regular operational activity.
Nonrecurring meaning with examples
- The company reported a nonrecurring expense related to its restructuring efforts. This one-time cost was substantial, but it should not impact the ongoing profitability of the business. Investors were reassured that such expenses are not expected to arise in the future, helping them understand the company's financial health.
- In preparing for her taxes, Sarah discovered a nonrecurring windfall she received last year from a rare art sale. Unlike her regular income streams, this unexpected profit must be reported differently. She consulted with her accountant to ensure that she accurately accounted for this unique financial event.
- During its quarterly earnings call, the CEO explained that the significant net loss was largely due to a series of nonrecurring write-offs. Stakeholders were informed that these exceptional losses resulted from a unique set of circumstances and would not be reflective of the company's usual performance moving forward.
- At the end of the fiscal year, the firm highlighted a nonrecurring investment loss stemming from a failed product launch. The financial report emphasized that this was an isolated incident, aiming to reassure shareholders that the core operations remain strong and not hindered by such one-off setbacks.
Nonrecurring Crossword Answers
7 Letters
ONESHOT