Question: What Does Discretionary Travel Mean?

What is discretionary and non discretionary?

Discretionary portfolio management does not involve the client actively and the investment manager takes all the decision on his behalf.

Whereas a non-discretionary investment account involves the client at every step of portfolio management..

What does discretionary amount mean?

Discretionary income is the amount of an individual’s income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.

What is the difference between discretionary and non discretionary portfolio?

Simply put, a discretionary account is one in which a broker makes trades, buying or selling securities, in an investor’s account without the investor’s approval. A non-discretionary account is one in which the investor decides on what trades to make.

What does discretionary mean?

adjective. subject or left to one’s own discretion. for any use or purpose one chooses; not earmarked for a particular purpose: discretionary income; a discretionary fund.

What does non discretionary mean?

: not left to discretion or exercised at one’s own discretion : not discretionary nondiscretionary purchases such as food and housing During the first half of the 1990s, Americans were forced to spend more for certain nondiscretionary items …—

What does permissive mean?

adjective. habitually or characteristically accepting or tolerant of something, as social behavior or linguistic usage, that others might disapprove or forbid. granting or denoting permission: a permissive nod.

What’s the opposite of discretionary?

Antonyms of DISCRETIONARY mandatory, nondiscretionary, necessary, nonvoluntary, requisite, restricted, required, indispensable, nonarbitrary, nonelective, unarbitrary, essential.

What is the difference between a discretionary and non discretionary bonus?

What is the difference between a discretionary and a nondiscretionary bonus? For a bonus to be considered discretionary, it should be awarded at the sole discretion of the employer rather than expected to be received by the employees. … A nondiscretionary bonus is the opposite of a discretionary one.

What is an example of discretionary income?

Discretionary income is what a household or individual has to invest, save, or spend after taxes and necessities are paid. Examples of necessities include the cost of housing, food, clothing, utilities, and transportation.

What is another word for discretionary?

In this page you can discover 14 synonyms, antonyms, idiomatic expressions, and related words for discretionary, like: optional, left to discretion, discretional, changeable, arbitrary, judgmental, personal, elective, facultative, opinion and surprise.

What is another word for discretionary income?

What is another word for discretionary spending?disposable incomediscretionary incomedisposable personal incomediscretionary expenses

What is an example of a non discretionary expense?

Understanding Discretionary Expenses While non-discretionary expenses are considered mandatory—housing, taxes, debt, groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary.

What is a good discretionary income?

While there are many factors that may affect the percentage of take-home pay that you allocate as discretionary income, the general rule is 30 percent or less.

What does discretionary payment mean?

A discretionary bonus is extra pay that a company agrees to provide to an employee for specific or unexpected situations. These cash payments are not part of the employee’s contract, and the employee should not expect to receive the bonus regularly. … bonus plan/a>

What are non discretionary items?

3. + New List. Non-Discretionary Items means all real estate taxes, insurance premiums and utilities relating to the Property.

What is a discretionary employee?

With a tight job market, companies are becoming more and more flexible and accommodating to the needs of employees by offering a range of attractive discretionary benefits. … Discretionary benefits are employment benefits that are not mandated by law.