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Discretionary trust |
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Discretionary 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 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.Similar MatchesDiscretionary 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 Nondiscretionary trustNondiscretionary trustA personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary. Discretionary licensingDiscretionary licensingSee licensing. Discretionary incomeDiscretionary incomeThe amount of income a consumer has available after purchasing essentials such as food and shelter. 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. Further SuggestionsDiscretionary reservesdiscretionary broker Discretionary cash flow |
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