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English definition of “discretionary”

discretionary

adjective     /dɪˈskreʃənəri/
ACCOUNTING used to describe an amount of money in a budget that can be reduced if necessary: discretionary expenditure/spending He renewed his call on the Legislature to freeze discretionary funds already approved but not spent.
FINANCE allowed or decided according to what is considered suitable in a particular situation: discretionary benefits/bonuses/payments The draft law gives companies discretionary power to block merger and acquisition deals with foreign investors.
FINANCE relating to an arrangement in which an investment manager or broker has the authority to make investment decisions without instructions from their client: Wealth management companies offer discretionary and advisory services to those with more than £100,000 to invest.
(Definition of discretionary adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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