Meaning of “discretionary fund” in the English Dictionary

"discretionary fund" in Business English

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discretionary fundnoun [ C ]


an amount of money that is available to spend on things that are not considered necessary but that may be useful:

Governors of some states are given discretionary funds to spend on small-scale projects.
discretionary funding
noun [ U ]

Likewise, he said, discretionary funding - money that goes to individual schools for a variety of uses - would not be cut.

(Definition of “discretionary fund” from the Cambridge Business English Dictionary © Cambridge University Press)