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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 MatchesNon 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. Nondiscretionary trustNondiscretionary trustA personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary. 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 brokerDiscretionary brokerA broker who not only deals in stocks and shares on behalf of his client, but who also makes the decisions about what should be bought and sold for the portfolio and has authority to execute those decisions without getting prior approval from the client. Also known as a full-service account.Contrast with advisory brokers and execution-only brokers.The website of The Association of Private Client Investment Managers and Stockbrokers- http://www.apcims.co.uk - provides a list of brokers and the services which they offer. Discretionary incomeDiscretionary incomeThe amount of income a consumer has available after purchasing essentials such as food and shelter. Further SuggestionsDiscretionary cash flowdiscretionary trust Discretionary trust Discretionary licensing |
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