Nonrecurring Meaning: Definition, Examples, and Translations
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nonrecurring
[nɒn.rɪˈkɜr.ɪŋ ]
Definition
financial terms
Nonrecurring refers to transactions or events that are not expected to happen repeatedly. This often applies to expenses or income that occur only once and do not form a part of the regular operational activities.
Synonyms
Examples of usage
- The company reported a nonrecurring gain from the sale of its subsidiary.
- She received a nonrecurring bonus at the end of the project.
- Nonrecurring costs were significantly higher this quarter due to the investment in new technology.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Mathematics
- In mathematics, nonrecurring refers to a sequence or event that does not repeat, such as a one-time calculation.
- In probability, nonrecurring outcomes are single events that do not affect future probabilities.
Finance
- In accounting, nonrecurring expenses are costs that are not expected to happen again, like a one-time investment.
- Public companies must report nonrecurring items separately to give investors a clearer picture of ongoing performance.
Music
- Compositions can have nonrecurring themes, meaning a particular melody or motif appears only once throughout the piece.
- Nonrecurring motifs in storytelling can create unique emotional moments that are memorable but not repeated.
Psychology
- Psychologically, nonrecurring experiences can lead to significant personal growth or change, as they are often tied to impactful life events.
- Events that are nonrecurring in nature can evoke strong memories and emotions, as they are not diluted by repetition.
Origin of 'nonrecurring'
Main points about word origin
- The prefix 'non-' comes from Latin, meaning 'not', indicating the absence of something.
- The word 'recurring' is derived from the Latin 'recurrere', which means 'to run back' or 'to return'.
- Combining these gives a straightforward meaning: not returning.
The term 'nonrecurring' is formed from the prefix 'non-', meaning 'not', and 'recurring', which comes from the Latin 'recurrere', meaning 'to run back'. The word 'recurring' has evolved over time to describe events that happen repeatedly or cycles that return. The use of 'nonrecurring' in English dates back to the mid-20th century, becoming more prevalent with the rise of financial reporting and analysis. It is often utilized in accounting to denote items that do not appear in subsequent periods, providing clarity in understanding a company's ongoing financial health.