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discretionary vs non-discretionary assets under management. A discretionary investment account is one in which your broker can make trades independently, or at their own discretion, without ...
v. t. e. In the trust law of England, Australia, Canada and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. It is sometimes referred to as a family trust in Australia ...
v. t. e. The United States federal budget consists of mandatory expenditures (which includes Medicare and Social Security), discretionary spending for defense, Cabinet departments (e.g., Justice Department) and agencies (e.g., Securities & Exchange Commission ), and interest payments on debt.
Discretionary investment management. Discretionary investment management is a form of professional investment management in which investments are made on behalf of clients through a variety of securities. The term "discretionary" refers to investment decisions being made by the investment manager based on the investment manager's judgement ...
It is the amount of an individual's income available for spending after the essentials have been taken care of: Discretionary income = gross income – taxes – all compelled payments (bills) The term "disposable income" is often incorrectly used to denote discretionary income. For example, people commonly refer to disposable income as the ...
e. In American public finance, discretionary spending is government spending implemented through an appropriations bill. [1] This spending is an optional part of fiscal policy, in contrast to social programs for which funding is mandatory and determined by the number of eligible recipients. [2] Some examples of areas funded by discretionary ...
The difference between discretionary and non-discretionary accounts is critical, but very few individual investors even know this difference exists. The biggest difference is that with a ...
Evidence. v. t. e. In trust law, an express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties ." [1] Property is transferred by a person (called a trustor, settlor, or grantor) to a transferee (called the trustee ), who holds the property ...