Discretionary authority meaning
WebAuthority or Discretion means (a) the authority, control or discretion with respect to the Plan or Trust which is identified or allocated to a Named Fiduciary under the terms of the … WebApr 9, 2024 · An agent with discretionary authority, that is a non-ministerial one, owes the principal fiduciary duties. ... in the interest of the beneficiary or for some other purpose.”108 The definition ...
Discretionary authority meaning
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WebMar 30, 2016 · “Discretion” in this context refers to discretionary trading, which is when a broker makes trades in a customer’s account without first consulting the … Web2 days ago · Discretionary power definition: Discretionary things are not fixed by rules but are decided on by people in authority,... Meaning, pronunciation, translations and examples
WebApr 10, 2024 · discretionary in American English (dɪˈskreʃəˌneri) adjective 1. subject or left to one's own discretion 2. for any use or purpose one chooses; not earmarked for a … WebDiscretionary authority means the authority to transact in securities on behalf of a client without prior approval from the client except for discretion regarding the price or the time at which a transaction is to be effected if the client has directed or approved the purchase or sale of a definite amount of a particular security before the order …
WebAug 6, 2024 · A discretionary power must in general, shall be exercised by the authority to whom it has been committed. It is a well known principle of law that when a power has been confided to a person, he must exercise the power personally unless he has been expressly empowered to delegate it to another. WebDiscretionary authority grants the holder the choice or permission to act. The holder is not required to exercise the authority granted. Commonly, discretionary authority is granted with a condition preceding it. Hence, a state of facts must exist before a party may exercise its discretionary authority. For example, in every loan agreement ...
Web2 days ago · Definition of 'discretionary' discretionary (dɪskreʃənri , US -neri ) Explore 'discretionary' in the dictionary adjective [usually ADJECTIVE noun] Discretionary things are not fixed by rules but are decided on by people in authority, who consider each individual case. [...] See full entry Collins COBUILD Advanced Learner’s Dictionary.
WebDec 1, 2024 · A discretionary account is an investment account in which an investment advisor has the power to make individual trades without requiring client approval. A non-discretionary account is one in which the client has complete control over whether or not to execute a trade. Need Legal Help? Let’s talk. or, give us a ring at 561-338-0037. safeway locations in tennesseeWebJul 7, 2024 · Discretionary authority. The extent to which appointed bureaucrats can choose courses of action and make policies that are not spelled out in advance by laws. What delegated discretionary authority? Discretionary powers exercised by administrative and legal authorities are permissive, and not binding. the young pope reviewsWebMay 25, 2024 · Federal agencies must manage their budgets prudently and develop strategies to address uncertainty in the federal budget process. Congress passes laws … safeway locations in phoenix azWebDiscretionary powers exercised by administrative and legal authorities are permissive, and not binding. These powers are granted to these officials by statute or delegation. Discretionary powers do not impose an obligation on a decision-maker to exercise them or to exercise them in a particular manner. Administrative agencies must exercise ... safeway locations in oregonWeb(1) discretion as to the price at which or the time when an order given by a customer for the purchase or sale of a definite amount of a specified security shall be executed, except that the authority to exercise time and price discretion will be considered to be in effect only until the end of the business day on which the customer granted such discretion, absent … safeway locations in phoenixWebApr 21, 2024 · Discretionary is an adjective meaning to be actionable at the discretion of an individual. Within the law, discretion means having the power to decide or judge. What is a discretionary action? the young pope seriesWebDiscretionary Authority. Advisor shall have full discretion and authority, without obtaining any prior approval, as the Client ’s agent and attorney -in- fact: (a) to make all investment … safeway locations in san francisco