what does non discretionary mean

What are non discretionary taxes?

What are the factors that determine dental service use?

How many elements are in a nondiscretionary provision?

Can a private citizen sue the government?

Do you have to serve notice of letting?

Does the duty of a new agency affect non-discretionary duties?

Does the duty to take into account costs and benefits affect the non-discretionary obligations of the new agencies?

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What is an example of of a non discretionary?

While non-discretionary expenses are considered mandatory—housing, taxes, debt, and groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary. These are generally considered wants, while non-discretionary expenses are usually referred to as needs.

What is difference between discretionary and non discretionary?

Discretionary versus Non-Discretionary Investment Accounts 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 do mean by discretionary?

left to individual choice or judgmentDefinition of discretionary 1 : left to individual choice or judgment : exercised at one's own discretion discretionary powers.

What is considered non discretionary spending?

Non-discretionary spending is essential and non-negotiable spending defined within a budget. What are Non-Discretionary examples? Examples of these expenses include: rent, food, or mortgage payments. In contrast, discretionary spending refers to non-essential expenses, such as hobbies and travel.

What are 2 examples of discretionary?

Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.

What does non discretionary mean in law?

An entity that is not affected by the influence of another individual's discretion or preferences. For example, a budget or a contract states the non discretionary spending that ought to occur. Also, a law that is enforced without the discretion of authorities is known a s a non discretionary law.

What does discretionary mean in law?

In criminal and tort law, discretion is the ability to judge between right and wrong, which is sufficient to hold one liable for one's own conduct. For example, a judge may have discretion over the amount of a fine, a prosecutor may have discretion when prosecuting a criminal case.

What does discretionary mean at work?

"text": "A discretionary bonus is a type of additional compensation that an employer decides to give to an employee on their own without the employee expecting it."

What is the synonym of discretionary?

elective. adjectiveable to be chosen. constituent. discretionary.

What are non discretionary goods?

Goods or services which are purchased because they meet a basic need (food, shelter, healthcare), are required to maintain current living arrangements (car maintenance, school fees), or are a legal obligation (compulsory insurance, stamp duty).

What are non discretionary benefits?

A nondiscretionary bonus is the opposite of a discretionary one. The employer predetermines the specific criteria that is required to receive a bonus, and employees expect to earn the bonus if they meet the criteria.

What is not a discretionary benefit?

A non-discretionary bonus is a bonus that must be paid out if certain criteria are met. It's a bonus that is announced and established ahead of time. For example, employees might be told that if they have 100% attendance over a certain period of time, they will receive an attendance bonus.

What is the difference between discretionary and non-discretionary portfolio?

The biggest difference is that with a discretionary account, your broker has the authority to make any decisions that they want with your investment funds. That is not the case with a non-discretionary account where you have to give permission for each decision.

What is the difference between discretionary and non-discretionary accruals?

The component of the accrual that is imposed by the accounting regulator in adjusting a firm's cash flows is the non-discretionary accruals. The accruals component managers can choose within the flexibility of accounting regulations in adjusting a firm's cash flows is the discretionary accruals.

What is the difference between discretionary and non-discretionary access control?

NDAC often refers to mandatory access control (MAC), in which permission is granted only if the subject's clearance matches the sensitivity level of a given object. Discretionary access control is called 'discretionary' because subjects can readily pass on access permissions at their discretion.

What is the difference between discretionary and mandatory?

In most cases, but not all, mandatory spending is ongoing; it occurs each year absent a change in an underlying law that provides the funding. Discretionary spending, on the other hand, will not occur unless Congress acts each year to provide the funding through an appropriations bill.

What Is A Discretionary account?

In a discretionary account the broker will have the ability to determine if a certain trade is wise or not at their own ‘discretion’.However, this...

What Is A Non-Discretionary account?

In the case of a non-discretionary account the broker’s job is to execute the desired transaction at the best available price. Depending on the exa...

Which Type of Account Should You Choose?

The choice between a discretionary account and a non-discretionary account is an important decision that you will have to make when you first open...

Non-discretionary | definition of non-discretionary by Medical dictionary

non-discretionary: adjective A generic UK term referring to an expenditure which is not subject to a cash limit, mainly “demand led”—e.g., primary health services, including remuneration of GPs, fees for general dental and ophthalmic services, dispensing remuneration and income from dental and prescription charges.

Nondiscretionary Definition & Meaning - Merriam-Webster

The meaning of NONDISCRETIONARY is not left to discretion or exercised at one's own discretion : not discretionary. How to use nondiscretionary in a sentence.

NON-DISCRETIONARY in Thesaurus: 4 Synonyms & Antonyms for NON-DISCRETIONARY

What's the definition of Non-discretionary in thesaurus? Most related words/phrases with sentence examples define Non-discretionary meaning and usage.

Non-Discretionary Expenses | Definition & Meaning - Finance Strategists

Non-discretionary spending is essential and non-negotiable spending defined within a budget. Click here to learn more.

What are non discretionary taxes?

The income taxes and the employee's national insurance contribution are the best examples of the non-discretionary types of taxes.

What are the factors that determine dental service use?

While need was a primary determinant of non-discretionary service use, predisposing factors specifically age, education and level of financial dependence were the most important in determining dental service use.

How many elements are in a nondiscretionary provision?

The non-discretionary provision will contain two elements.

Can a private citizen sue the government?

Second, a private citizen can bring a lawsuit against a government body for failing to perform a non - discretionary duty. This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web.

Do you have to serve notice of letting?

In addition, such lettings require notice to be served at the commencement of the tenancy that possession might be required under the non-discretionary grounds.

Does the duty of a new agency affect non-discretionary duties?

But the duty does not affect the non-discretionary duties of the new agencies, and does not apply where it would be unreasonable.

Does the duty to take into account costs and benefits affect the non-discretionary obligations of the new agencies?

Secondly, the duty to take into account costs and benefits does not affect the non-discretionary obligations of the new agencies.

What is discretionary spending?

In contrast, discretionary spending refers to non-essential expenses, such as hobbies and travel.

What is a non-discretionary account?

In finance, a non-discretionary account is a brokerage account that requires client permission for each trade made by a broker. Thus, the broker would have to contact the client for each trade. A discretionary account, on the other hand, allows brokers to initiate and close trades without client permission.

Is research and defense discretionary spending?

Funding for research and defense is considered discretionary spending.

Who is True Tamplin?

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

Why is it important to track discretionary expenses separately from essential expenses?

Tracking discretionary expenses separately from essential expenses makes it easy to see where, and to what degree, expenses can be reduced.

What is discretionary spending?

Discretionary and non-discretionary spending are terms used to describe the categories of expenses you use daily in life. Some expenses are necessary, such as your rent, mortgage and utilities; others are more luxury or ‘frivolous’ purchases, such as your daily coffee or the cost of your golfing or traveling. A simpler way of thinking of the difference between discretionary and non-discretionary expenses is differentiating the categories as “wants” compared to “needs.”

Why is it important to have a good idea of your daily, monthly and yearly spending?

As you approach retirement, it’s important to have a good idea of your daily, monthly and yearly spending so that you can have a good idea of your overall budget and expenses to help project what you will spend in retirement—and save and invest accordingly.

Do you have to pay down the principal balance of a loan?

Any loans or credit you’ve taken out that you’ll need to continue to pay down the principal balance with periodic interest payments, including:

What is a Discretionary Account?

In a discretionary account the broker will have the ability to determine if a certain trade is wise or not at their own ‘discretion’.

What to know when opening a brokerage account?

When you open up a new account with a brokerage firm, one of the first things you need to know is whether your account is ‘discretionary’ or ‘non-discretionary’. Many investors simply have no idea as to the status of their account. One of the main reasons for this is that far too many brokers and brokerage firms fail to explain ...

What is a passive account?

Passive account management: Many people are just too busy to keep up with day-to-day developments in the market. One of the primary benefits of using a discretion ary account is that it allows you to invest without putting a lot of time into the activity. Ability to limit discretion: Choosing a discretionary account means ...

What is hands on management?

Hands-on management: Many investors want hands-on management over their own account. These investors may want the guidance from a professional, but may still desire to be heavily involved in the process of making their investment decisions. For hands-on investors, a non-discretionary account often works best.

Can you get better prices with a discretionary account?

Access to better prices: Finally, a discretionary account can often let you get better prices on your trades. Consider this example: Your brokerage firm has determined that a certain stock should be bought at the current price. The firm wants to make this trade for nearly one hundred of its clients. If your account is discretionary, such a trade can be made immediately so that you can get the best price. With a non-discretionary account, your broker will need to contact you first, and the good price may disappear before you are able to give approval.

Can a broker recommend a trade?

Depending on the exact nature of the broker-client relationship , a broker who oversees a non-discretionary account may still recommend trades to the client. However, they do not have the legal authority to make any securities sales or purchases without first getting approval from the customer.

Does a broker have to consult before rebalancing?

Automatic account rebalancing: Since your broker does not have to consult with you before making individuals trades, they can rebalance your portfolio automatically. For instance, if you always want your account to have 60 percent stocks and 40 percent bonds, your broker can make this happen without the hassle of getting your approval.

Why are non-discretionary bonuses considered discretionary?

Because non-discretionary bonuses impact an employee’s regular rate of pay and overtime calculation, employers may claim that a bonus was discretionary. This would prevent the regular rate of pay and overtime payments from going up. This would save the employer money.

Why do companies give production bonuses?

Production bonuses create the workers’ expectation that, if they achieve the stated goal, they will receive the bonus. The expectation induces the effort. Bonus pay for staying with the company for a set amount of time improves worker retention. Employers offer these bonuses to reduce turnover and improve workplace morale.

What is a non-discretionary bonus?

They are any additional payment to an employee that does not amount to a discretionary bonus. 1 Discretionary bonuses are any payment in addition to a worker’s regular earnings that are not expected by the worker and that are in the sole discretion of the employer. 2

How is overtime calculated?

The overtime rate calculation is based on the worker’s total hours worked, multiplied by the normal rate of pay for straight time. Because non-discretionary bonuses can alter a worker’s regular rate of pay, they can also impact the worker’s overtime rate. The amount of the bonus can lead to additional overtime pay.

What happens if you violate probation?

There are 3 possible consequences of a felony probation violation: The judge can revoke probation and send the probationer to jail or prison, or modify the terms of probation to make them stricter, or reinstate probation under its original terms. While the judge has great discretion at the probation violation hearing, the type of violation ...

Why do employers use non-discretionary bonuses?

Employers frequently use non-discretionary bonuses to reward high-quality work and workplace stability.

What is time and half pay?

The overtime rate is one-and-one-half times the worker’s regular rate of pay for the pay period. When the regular rate of pay increases, the overtime premium increases, as well.

Why do brokers use discretionary accounts?

Because trades in discretionary accounts do not require investor consent, brokers have much more flexibility managing those investments. As a result, the largest benefit of discretionary accounts is your broker’s ability to quickly respond to investment opportunities.

What is discretionary account?

In short, discretionary accounts offer the benefit of being a more passive investment option for the investor. Because you can still place limits on what your broker can do (for example, only investing in certain kinds of stocks), the investor does maintain a certain level of control.

What is the difference between discretionary and non-discretionary accounts?

While discretionary accounts excel at flexibility, non-discretionary accounts provide more control to their investors. Handing over a significant portion of your financial assets to a brokerage firm is a big decision. Some investors may be uncomfortable doing so and may not fully trust their investor to make all the right decisions. In those situations, non-discretionary accounts provide a compromise.

Why do investors have the final say in all investment decisions?

Because their broker must get permission before making a trade, investors will have the final say in all investment decisions. As a result, the investors have the opportunity to assess their broker’s advice before moving forward. The passive approach of a discretionary account is not for everyone.

What are the disadvantages of non-discretionary accounts?

The biggest disadvantage of a non-discretionary account is your broker’s inability to react quickly when an investment opportunity arises. As in the example above, a broker managing dozens of non-discretionary accounts must get consent from investors before executing trades in their respective accounts. If your name is in the middle of that list, the price you pay will depend on how many clients your broker contacted before getting to you. Even if your name is first on the list, non-discretionary accounts may fall victim to the phone tag problem; you may not see or respond to the broker’s request for your permission until after the opportunity has passed.

Is an investment account discretionary?

When investors first set up an account with a brokerage firm, that account is designated as either discretionary or non-discretionary. Unfortunately, many investors are simply unaware of the status of their account or what it means. This is usually because investment brokers fail to properly explain each type of account.

Do discretionary accounts have disadvantages?

In many cases, this investment must be low- to mid-six figures.

What to do when thinking about your bonus?

When thinking about your bonuses this season, be clear about what kind of bonus you are giving (discretionary versus non-discretionary). If you realize that you have in fact promised some kind of non-discretionary bonus ahead of time to your employees, be sure to check in with your local payroll association or legal counsel to ensure you’re covering your bases with overtime calculations.

What is discretionary bonus?

A discretionary bonus is a bonus given to an employee at the discretion of the employer. There are no expectations of receiving this bonus, or guidelines/outlines of how to become eligible to receive one. The amounts, criteria, and timing are not made known in advance, and they are given out after the fact.

Why are bonuses important?

Bonuses are a great way to bring cheer to your teams and share in your company’s success. However, before you start making promises to your staff, you’ll need to understand the bonus-specific differentiators that could affect your payroll. One very important differentiator when it comes to the bonus is the difference between discretionary bonuses ...

Why is it important to differentiate the two bonuses?

Why it’s important to differentiate the two bonuses. Understanding their unique use case and application is extremely important and can impact the way you’re remaining compliant with local payroll laws. When giving out non-discretionary bonuses with hourly workers, the implications become important when calculating their overtime.

When giving out non-discretionary bonuses with hourly workers, the implications become important when calculating their answer?

When giving out non-discretionary bonuses with hourly workers, the implications become important when calculating their overtime. The Fair Labor Standards Act requires that when you pay out non-discretionary bonuses, this bonus amount be added to their overall compensation. As a result, their overall hourly wage is increased with the addition ...

What is attendance bonus?

It’s a bonus that is announced and established ahead of time. For example, employees might be told that if they have 100% attendance over a certain period of time, they will receive an attendance bonus. It is paid when certain criteria are met, and the employee will expect payment if they fulfill said requirements.

Can you take legal action for overtime?

In some legal cases, federal laws for calculating overtime hours will differ from state laws, like in California. In cases like this where the employee’s overtime was miscalculated due to payout of a non-discretionary bonus, the employee can take legal action against the employer.

What is optional travel?

Travel for optional or discretionary purposes is broadly defined in the Orders as including (but not limited to) travel for the purposes of tourism, recreation and entertainment.

What is tending to family matters?

tending to family matters for non-optional or non-discretionary purposes (such as bringing supplies to elderly parents or tending to sick family members) when there is no one else available in Canada to assist

Is traveling to a funeral considered a non-optional?

to attend the funeral of a family member (This purpose of travel would be improbable due to quarantine measures and limits to the number of attendees at funerals under provincial restrictions.) Travel for the following purposes would be considered non-optional or non-discretionary: tending to family matters for non-optional or non-discretionary ...

Can a foreign national travel with family ties?

Officers should be aware that family ties will not automatically qualify the foreign national for non-optional or non-discretionary travel. Family members will be required to show that they are not travelling for a discretionary or optional purpose such as a routine family visit.

Is a grandchild considered non-discretionary travel?

for the birth of a grandchild, nephew, niece, cousin, etc. (For the parent of a child, this may be considered non-discretionary travel; however, it will still require assessment.) to spend time at a secondary residence (vacation home, hunting or fishing lodge, etc.). This includes entry for upkeep or maintenance purposes.

What are non discretionary taxes?

The income taxes and the employee's national insurance contribution are the best examples of the non-discretionary types of taxes.

What are the factors that determine dental service use?

While need was a primary determinant of non-discretionary service use, predisposing factors specifically age, education and level of financial dependence were the most important in determining dental service use.

How many elements are in a nondiscretionary provision?

The non-discretionary provision will contain two elements.

Can a private citizen sue the government?

Second, a private citizen can bring a lawsuit against a government body for failing to perform a non - discretionary duty. This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web.

Do you have to serve notice of letting?

In addition, such lettings require notice to be served at the commencement of the tenancy that possession might be required under the non-discretionary grounds.

Does the duty of a new agency affect non-discretionary duties?

But the duty does not affect the non-discretionary duties of the new agencies, and does not apply where it would be unreasonable.

Does the duty to take into account costs and benefits affect the non-discretionary obligations of the new agencies?

Secondly, the duty to take into account costs and benefits does not affect the non-discretionary obligations of the new agencies.

Non-Discretionary Expenses

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Non-Discretionary in Legal Contracts

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