ITEMIZED Meaning and
Definition
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The term "itemized" is an adjective that describes a detailed and thorough breakdown or list of individual components, parts, or elements of something, often presented in an organized manner. It refers to a process where items are listed individually, providing specific information about each one.
In financial context, itemized usually refers to a detailed breakdown of expenses, deductions, or invoices, where each cost or expense is separately listed along with its corresponding amount. This practice helps to enhance transparency and accuracy in financial records, as well as facilitate better analysis and comprehension of the financial situation.
In the context of tax filing, an itemized deduction refers to the practice of separately listing and claiming individual expenses that are eligible for deductions, instead of opting for the standard deduction amount. Itemizing deductions allows individuals to claim larger deductions if their individual expenses exceed the standard deduction amount.
In a broader sense, the term can also be used more generally to describe any breakdown or list of components or parts of a whole, whether it is for inventories, bills, groceries, or any other kind of enumerated information.
Overall, "itemized" signifies a detailed, thorough, and specific breakdown of individual components or parts, allowing for clarity, transparency, and comprehension of information, particularly in financial matters.
Top Common Misspellings for ITEMIZED *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for ITEMIZED
Etymology of ITEMIZED
The word "itemized" originates from the noun "item", which came from the Medieval Latin word "item", meaning "also" or "likewise". This Latin word initially appeared in the phrase "ex hīs item" (from these things likewise) used in lists. Over time, "item" evolved to refer to each separate article or unit in a list or collection. The suffix "-ize" was later added to "item" to form the verb "itemize", meaning to list or detail individual items.
Similar spelling words for ITEMIZED
Conjugate verb Itemized
CONDITIONAL
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would itemize
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FUTURE
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will itemize
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FUTURE PERFECT
I
will have itemized
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will have itemized
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will have itemized
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will have itemized
PAST
I
itemized
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itemized
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PAST PERFECT
I
had itemized
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PRESENT
I
itemize
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itemize
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itemize
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itemizes
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itemize
PRESENT PERFECT
I
have itemized
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have itemized
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have itemized
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has itemized
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have itemized
I
am itemizing
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are itemizing
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are itemizing
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are itemizing
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was itemizing
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were itemizing
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were itemizing
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will be itemizing
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have been itemizing
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have been itemizing
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have been itemizing
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had been itemizing
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had been itemizing
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had been itemizing
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will have been itemizing
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would have itemized
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would have been itemizing
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