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Discretionary reserves |
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Discretionary reservesBalance sheet accounts representing temporary accumulations of earnings from the current year or the recent past.Discretionary reserves Similar MatchesDiscretionary 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. 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. Non Discretionary ProposalNon Discretionary ProposalA proposition on a proxy card requiring a response from the beneficial owner which does not fall under the Ten Day Rule. Therefore, the broker cannot vote on behalf of the beneficial owner, it can only vote after specific instructions have been received from the beneficial owner. Discretionary licensingDiscretionary licensingSee licensing. Further SuggestionsDiscretionary cash flowNondiscretionary trust Discretionary income discretionary broker |
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