what are discretionary accounts
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- Definition of DISCRETIONARY ACCOUNT. : a security or commodity market account in which an agent (as a broker) is given power of attorney so as to be able to make independent decisions and buy and sell for the principal's account.ADVERTISEMENT.efinition of DISCRETIONARY ACCOUNT. : a security or commodity market account in which an agent (as a broker) is given power of attorney so as to be able to make independent decisions and buy and sell for the principal's account. ADVERTISEMENT.
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Beware the pitfalls of the discretionary family trust A discretionary trust is a trust, much like a fixed trust. However, unlike a fixed trust, no beneficiary (or potential beneficiary) obtains an income or capital distribution/allocation unless the trustee exercises the discretion they have in favour of a beneficiary.
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- 1 A discretionary leave of absence is absence without pay, authorized in advance, for 30 or more calendar days and for up to one year. 2  The period of leave cannot exceed one year. 3  At that point the employee must either return to work or be terminated.
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- Employer Contributions. 1  Employer Matching Contributions are contributions that employers make into employees' SIMPLE IRA accounts that are equal to the employees' individual elective deferral contributions. 2  Employer Discretionary Contributions are contributions that employers make regardless of employees' contributions.
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Duke Since discretionary accounts are University funds, the funds remain the property of Duke upon departure of the faculty member, as do all items of material value purchased with the funds, including all computers purchased with the written approval of the appropriate dean or senior officer.
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- 1 Description. 2  A discretionary leave of absence is absence without pay, authorized in advance, for 30 or more calendar days and for up to one year. 3  The period of leave cannot exceed one year.
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GIPS: Composites And Verification Composites are single groups of discretionary portfolios that collectively represent a particular investment strategy or objective. Composite Construction-Requirements. 1. Actual, fee-paying, discretionary portfolios must be included in at least one composite. Non-fee-paying discretionary accounts may be included. 2. Nondiscretionary accounts must not be included in a composite. 3. Composites are defined based on a common investment objective or strategy. A full definition must be made available upon request. 4. New accounts are included in composites in a timely manner and one that is consistently applied, once the account comes under full discretionary management.
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- Beginning Jan. 1, 2015, discretionary allotments are prohibited to “purchase, lease, or rent personal property.” Those allotments for savings accounts, support of dependents, insurance premiums, mortgages, to pay rents or fund investments will continue to be permitted. The policy applies to active duty members only.
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SPOTLIGHT ON DEDICATED ACCOUNTS FOR CHILDREN -- 2018 Edition WHAT IS A DEDICATED ACCOUNT? A dedicated account is a separate financial institution account that the of a disabled child under age 18 is required to open, when the child is eligible for large past-due payments (usually any payment covering more than 6 months at the current benefit rate).
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- A discretionary activity requires a resource consent before it can be carried out. The consent authority can exercise full discretion as to whether or not to grant consent and as to what conditions to impose on the consent if granted. An activity is discretionary if: The plan identifies it as discretionary.
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fiduciary account Definition of fiduciary account: Savings or deposit account the funds of which are owned by one party but are managed by another (such as an agent, bank, or trustee) for the owner's, or a beneficiary's, benefit.
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When does Southwest open December flights? I have two questions re: Southwest's new dates, for someone who's familiar with their system... First of all, what time do they generally open the new dates? Is it a certain time (ie, 6AM,) or does it vary? (I got really good at watching for Skybus' new flights, and they always released the dates at 6AM...
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What Is a DDA Bank Account? DDAs, or demand deposit accounts, are offered by banks and credit unions. These accounts are primarily used for frequent transactions, such as checking accounts. However, the term DDA account refers to any bank account that you can deposit to and withdraw from immediately, on demand. DDA accounts may or may not pay interest. When they do, the rate is typically less than the rate found on certificates of deposit and other accounts.
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What is a Temporary Account? A temporary account is an account that is used to hold funds temporarily during an accounting period and is cleared at the end of the period to distribute those funds to appropriate permanent accounts, also known as “real accounts.” Companies of various sizes use temporary accounts to hold money for numerous different purposes.
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Discretionary Spending: Funding versus Outlays In any given year, discretionary outlays include spending both from new funding and from funding provided in previous years. Let me explain how the difference between funding and outlays matters in considering the nondefense portion of discretionary spending.
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Discretionary & Mandatory Spending Discretionary & Mandatory Spending. Discretionary spending is one of two types of spending in the federal budget and accounts for about 40% of the total (see the chart). This spending must be approved each year in appropriations bills which become part of the federal budget. Typically about half of all discretionary spending is for the Defense Department.
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Discretionary account Discretionary account. A discretionary account is a type of brokerage account in which clients authorize their brokers to buy and sell securities on their behalf without prior consent for each transaction. A client may set guidelines for the account, such as the types of securities the broker may purchase. brokerage account in which a broker is able to make decisions without the need to consult others. For example, a discretionary account gives a broker the right to make significant investment decisions without permission from or even consultation with the account's owner.
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What is a 'Joint Account' A bank or brokerage account that is shared between two or more individuals. Joint accounts are most likely to be used between relatives, couples or business partners who have a level of familiarity and trust for each other, as this type of account typically allows anyone named on the account to access funds within it.
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Wealth management Fidelity Wealth Management Advisory SM offers optional nondiscretionary advisory and wealth planning services, as well as optional discretionary investment management services. Clients may be subject to an annual wealth management fee, which may be waived for clients who invest and maintain an aggregate of $2 million in certain discretionary managed accounts offered by Strategic Advisers, Inc.
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What Is the Difference Between a Discretionary and Non-Discretionary Account? Whether you have suffered investment losses in a non-discretionary or discretionary account, it is important to understand that you do have legal rights and you may be able to recover your losses if there is misconduct regardless of whether the broker was acting on a discretionary or non-discretionary basis.
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- In very basic terms, a custodial account is a savings account in your child's name that you control (if you're the custodian) until your child reaches legal adulthood (18 to 21, depending on where you live).
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- Barclays/Barclaycard. Accounts. Bank Account. The Bank Account is a transactional account designed to meet your day to day banking requirements. It comes with a low a low monthly maintenance fee, with no minimum balance to open or to maintain on the account.
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What Is a DDA Bank Account? However, the term DDA account refers to any bank account that you can deposit to and withdraw from immediately, on demand. DDA accounts may or may not pay interest. When they do, the rate is typically less than the rate found on certificates of deposit and other accounts.
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- Student Account. Barclays Students account is a savings account designed solely to meet the needs of students in tertiary institutions. Students enjoy advantage of a savings account with the flexibility of a current account, access to online banking and electronic statements via email at no cost.t Barclays we understand this and that is why we have developed the Bank Account for you. The Bank Account is a transactional account for salaried earners which can be accessed 24/7 from any Visa branded ATM.
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Search Legal Terms and Definitions Example: when a deputy sheriff from Montgomery County pursues a car driven by a suspected bank robber into Baltimore County (in which he normally has no power to enforce the law), the doctrine of fresh pursuit allows him/her to make the arrest. It is also called hot pursuit.
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Discretionary Bonus Guidelines A discretionary bonus may be given to non-bargaining unit staff members as a special and immediate recognition and reward for exceptional performance, significant contributions, and substantial accomplishments well beyond normal or regular work responsibilities.