Discretionary authority meaning
WebMay 19, 2024 · If such discretionary authority is granted to the administrator, the decision is to be reviewed under a heightened “abuse of discretion” standard. Under this standard, a plan administrator’s discretionary decision will generally only be reversed if the decision is “arbitrary or capricious.” ... meaning that those decisions would be ... WebMay 25, 2024 · Federal agencies must manage their budgets prudently and develop strategies to address uncertainty in the federal budget process. Congress passes laws …
Discretionary authority meaning
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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 ... 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 …
WebDiscretionary definition, subject or left to one's own discretion. See more. Web(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 …
WebIt's actually the bulk of federal employees. And as we'll see, as part of this implementing process, the bureaucracy has authority on rulemaking and it also has discretionary authority. Let me write that down. So the bureaucracy, bureaucracy, is going to implement the law, and they have different types of authority to do so. WebJun 17, 2024 · Discretionary spending is controlled through the annual appropriations process and includes funding for both national defense and non-defense. Non-defense discretionary programs, or NDD, includes a wide variety of activities including scientific research, housing assistance, veterans’ health care, education, and transportation.
WebJun 28, 2024 · A discretionary expense is a cost that a business or household can survive without, if necessary. Discretionary expenses are often defined as nonessential spending. This means a business or...
WebSep 15, 2014 · adj. open to choice synonyms for discretionary Compare Synonyms unrestricted at the call elective facultative judge and jury leftover nonmandatory nonobligatory open optional On this page you'll find 19 synonyms, antonyms, and words related to discretionary, such as: unrestricted, at the call, elective, facultative, judge and … toy leash dogWebDiscretionary 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 … toy led lightWeb2 days ago · discretion in American English (dɪˈskrɛʃən ) noun 1. the freedom or authority to make decisions and choices; power to judge or act 2. the quality of being discreet, or careful about what one does and says; prudence 3. Archaic the action or power of discerning; judgment Idioms: at one's discretion Webster’s New World College … toy ledge shelvesWebDiscretionary 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 … toy lemmonsWebDec 15, 2024 · A discretionary account is an investment account that allows an authorized broker to buy and sell securities without the client's consent for each trade. The client … toy led gunWebThe labels discretionary and mandatory identify the process by which the Congress provides funds for federal programs or activities. The distinction is generally made at the … toy led stripWebDiscretionary power means the authority, which provides an administrative agency or official with some degree of latitude in regard to choosing the most reasonable decision … toy leg cast