Quick Answer: What Is Discretionary Vs Non Discretionary?

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 is discretionary and non discretionary?

Discretionary vs. Non Discretionary Accounts. A discretionary account is an account that gives an investment adviser the authority to make individual trades without the consent of their client. A non-discretionary account is an account where the client always decides whether or not to conduct a trade.

What is the difference between discretionary and non discretionary overtime?

A discretionary payment will be made at the sole discretion of the employer. The amount, the requirements, and the timing are not disclosed in advance. … A non-discretionary bonus or incentive payment, on the other hand, is based on standards that have to be met in order to receive such payment.

What are considered discretionary items?

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 are non discretionary payments?

A non-discretionary bonus is paid because of a contract or agreement that has been made between the employer and employee ahead of time. … A non-discretionary bonus is a bonus that the employee is expected to be paid and it is usually given at the same time, either monthly, quarterly or annually.

What is non discretionary overtime mean?

Payments for overtime worked are non-discretionary when the employer is contractually obliged to pay the employee at a set and defined rate for the overtime that they have worked.

What are non discretionary items?

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

What does discretionary mean?

1 : left to individual choice or judgment : exercised at one’s own discretion discretionary powers. 2 : available for discretionary use discretionary income.

What government spending is considered non discretionary?

The discretionary budget and taxes are the two main tools of discretionary fiscal policy. The discretionary budget does not include Social Security, Medicare, or Medicaid.

Does discretionary mean optional?

The difference between Discretionary and Optional When used as adjectives, discretionary means available at one’s discretion, whereas optional means not compulsory.

What does discretionary power mean?

Professor Harold Laski has defined discretionary power as that authority of the executive « whether in matters of sub- stance or of procedure or both, which it is free to exercise as it thinks fit ». *1 Legally, it is the power to exercise a discre- ‘ tion with which the courts cannot interfere.

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 discretionary performance?

“Discretionary effort is the level of effort people could give if they wanted to, but above and beyond the minimum required.” —Aubrey C. Daniels, Ph. D. Many organizations manage performance in such a way that motivates employees to do only enough to get by and avoid getting in trouble (negative reinforcement).

What is a discretionary payment?

Discretionary Payments are short term or one off payments that are given to anyone experiencing exceptional financial hardship. You must be receiving Housing Benefit, the Housing Element of Universal Credit or Council Tax Reduction to be considered for it.

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.