Meaning of “discretionary” in the English Dictionary

(Definition of “discretionary” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"discretionary" in American English

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discretionaryadjective

us /dɪˈskreʃ·əˌner·i/

available to someone by choice, without having to get permission or authority:

Once your kids have discretionary money of their own, they can pay for their own DVDs.

(Definition of “discretionary” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"discretionary" in Business English

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discretionaryadjective

uk /dɪˈskreʃənəri/ us

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” from the Cambridge Business English Dictionary © Cambridge University Press)