discretionary payment

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • discretionary — [dɪˈskreʃ(ə)n(ə)ri] adj based on someone s judgment of a particular situation rather than on a set of rules a discretionary payment/budget[/ex] …   Dictionary for writing and speaking English

  • Discretionary Beneficiary — Discretionary beneficiaries are those named in a trust or similar document to whom distributions may be made. While discretionary beneficiaries may apply for distributions, it is up to the trustees to determine whether the payment will be made.… …   Investment dictionary

  • discretionary — dis|cre|tion|ar|y [ dı skreʃn,eri ] adjective based on someone s judgment of a particular situation rather than on a set of rules: a discretionary grant/award/payment …   Usage of the words and phrases in modern English

  • discretionary — UK [dɪˈskreʃ(ə)n(ə)rɪ] / US [dɪˈskreʃ(ə)nˌerɪ] adjective based on someone s judgment of a particular situation rather than on a set of rules a discretionary grant/award/payment …   English dictionary

  • discretionary 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… …   Ballentine's law dictionary

  • discretionary income — noun : the part of personal income left after payment of basic expenses (as taxes and the cost of food and shelter) …   Useful english dictionary

  • ex gratia payment — A payment made (for example, by an employer to an employee) where there is no contractual requirement to do so. Related links discretionary payment maternity leave maternity pay …   Law dictionary

  • Facilitating payment — A facilitating payment is a certain type of payment to foreign officials which is not considered to be bribery according to legislations of some states as well as in the international anti bribery conventions, e.g., coming from the OECD.… …   Wikipedia

  • Proof-of-payment — or POP is an honor based fare collection approach used on many public transportation systems. Instead of checking each passenger as they enter a fare control zone, proof of payment requires that each passenger carry a ticket or pass proving that… …   Wikipedia

  • Specie Payment Resumption Act — The Specie Payment Resumption Act (January 14, 1875, ch. 15, 18 Stat. 296) provided for the redemption of United States paper currency, known colloquially as greenbacks, in gold beginning in 1879. Drafted by Ohio Senator John Sherman, the… …   Wikipedia

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