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Limited discretion |
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Limited discretionPermission by a client that allows a broker to make certain stock and option trades without first consulting the client about the trade.Limited discretion Similar MatchesDiscretionary licensingDiscretionary licensingSee licensing. Discretionary 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. 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 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 incomeDiscretionary incomeThe amount of income a consumer has available after purchasing essentials such as food and shelter. Further SuggestionsDiscretionary reservesDiscretionary trust discretionary broker Discretionary Proposition Discretion Fractional discretion order Nondiscretionary trust |
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