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Discretionary licensing |
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Discretionary licensingSee licensing.Similar MatchesDiscretionary cash flowDiscretionary cash flowCash flow that is available after the funding of all positive net present value (NPV) capital investment projects; it is available for paying cash dividends, repurchasing common stock, retiring debt, and so on. Discretionary PropositionDiscretionary PropositionA proposal on a proxy card that brokers can cast in favor of management if they have not yet heard from the beneficial holder ten days before the annual meeting. See: Ten-Day Rule Discretionary trustDiscretionary trustIn the context of mutual funds, refers to a mutual fund or unit trust whose management decides on the best way to use the assets without restriction to a specific type of security. In the context of trusts, refers to a personal trust in which a trustee has the power of decision as to how much income or principal each beneficiary receives. Discretionary trustDiscretionary trustA private trust which empowers trustees to use their discretion in distributing funds to beneficiaries. Typically set up for children, and often designed so that trustees can decide not to pay money out to children who are not responsible enough to handle the money. Nondiscretionary trustNondiscretionary trustA personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary. Further SuggestionsDiscretionary reservesNon Discretionary Proposal discretionary broker Discretionary income |
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