discretionary fund Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “discretionary fund” in the English Dictionary

"discretionary fund" in Business English

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discretionary fundnoun [C]

uk   us   FINANCE
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 ​discretionaryfunds to ​spend on small-scale ​projects.
discretionary funding
noun [U]
Likewise, he said, ​discretionaryfunding - ​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)
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“discretionary fund” in Business English

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