Discretionary
111discretionary power — One which is not imperative or, if imperative, the time, manner, or extent of execution of which is left to donee s discretion. The power to do or to refrain from doing a certain thing. City of San Antonio v. Zogheib, Tex.Civ.App., 70 S.W.2d 333 …
112discretionary review — Form of appellate review which is not a matter of right but rather occurs only at the discretion of the appellate court; e.g. appeal to U.S. Supreme Court. See certiorari …
113discretionary trusts — Such as are not marked out on fixed lines, but allow a certain amount of discretion in their exercise. Those which cannot be duly administered without the application of a certain degree of prudence and judgment. Trusts where the trustee or… …
114discretionary divorce — A divorce granted by a court under a statute permitting the granting of a divorce for such cause or causes as the court may find sufficient …
115discretionary duty — A duty imposed upon an officer for the performance of an act which involves the exercise of discretion by the officer, the duty not being defined with such precision and certainty as to leave nothing to the exercise of discretion. State ex ref.… …
116discretionary trust — An anomalous term from the standpoint of absolute discretion in the trustee, since unbridled discretion in a trustee negatives the necessary separation of legal and equitable ownership. Best defined as a trust in which a broad discretion is… …
117discretionary trust — noun a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate • Hypernyms: ↑trust …
118discretionary account — noun : a security or commodity market account in which an agent (as a broker) is given power of attorney so as to be able to make independent decisions and buy and sell for the account of the principal * * * an account in which the stockbroker is …
119discretionary income — noun : the part of personal income left after payment of basic expenses (as taxes and the cost of food and shelter) …
120Disposable and discretionary income — Disposable income redirects here. For the album by punk rock band Snuff, see Disposable Income (album). Disposable income is total personal income minus personal current taxes.[1] In national accounts definitions, personal income, minus personal… …
