Discretionary vs non discretionary?

by Jan 29, 2023Forex Trading Questions

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Discretionary spending is spending that is not required, such as buying a new car or going on vacation. Non-discretionary spending is spending that is required, such as rent, food, and utilities.

Discretionary spending refers to money that is spent on items that are not essential, while non-discretionary spending refers to money that is spent on items that are essential.

What is discretionary and non discretionary?

Discretionary expenses are any costs that are not deemed necessary, such as wants. These expenses are generally not mandatory, like housing, taxes, debt, and groceries.

Nondiscretionary purchases are those that are essential and not left to discretion or personal choice. This would include items like food and housing.

What are non discretionary funds

A non-discretionary account is one in which you have full control over your own money. This is extremely important for many investors, as it gives you the final say in all asset purchases and sales. Your broker can still find good trades and make recommendations, but you have the ultimate authority over your own finances.

A non-discretionary service agreement is an agreement between a client and a portfolio manager in which the portfolio manager agrees to provide non-discretionary portfolio management services to the client. This type of agreement gives the portfolio manager more control over the client’s investments, as they are not required to obtain the client’s approval for each individual transaction.

What are 2 examples of discretionary?

Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.

This is a difficult topic to discuss because it is so personal. What one person may deem as the best choice may not be the same for another person. Ultimately, it is up to the individual to make the decision that they feel is best for them.discretionary vs non discretionary_1

Does discretionary mean optional?

In simple terms, optional means something that is not required while discretionary means something that is available for use. Optional things are not necessary while discretionary things are not required but are available if needed.

Discretionary decision making is the process of making decisions that are not constrained by rules or regulations. This type of decision making allows for more flexibility and creativity, as well as the ability to respond to unique or changing circumstances. Discretionary decisions are often made by people in positions of authority, such as managers or executives.

What are discretionary items

Discretionary things are those that are not fixed by rules, but are decided on by people in authority. This usually means that they will consider each individual case before making a decision. This can be helpful in certain situations, but it can also be seen as unfair by some people.

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Discretionary trading can be a great way to get more control over your investments, as well as to take advantage of opportunities that you may not have otherwise been aware of. However, it’s important to be aware of the potential risks involved, including the possibility that your broker may not always have your best interests in mind.

What is a non discretionary good?

These are known as essential goods and services. They are essential because they are necessary for us to live and function on a day-to-day basis. Without them, our lives would be very difficult, if not impossible.

We all need food, shelter and healthcare. These are basic needs that we must have in order to survive. We also need to maintain our current living arrangements, which means paying for things like car maintenance and school fees. And there are some things that we are legally required to do, such as buying insurance or paying stamp duty.

Essential goods and services are vital for us to live and function properly. Without them, our lives would be much harder.

Discretionary income is the money you have left over after paying for all of your necessary expenses. This can be used for savings, investments, or anything else you might want to spend it on.

What is the difference between discretionary and nondiscretionary bonuses

Discretionary bonuses are those that are awarded at the discretion of the employer and are not based on any pre-determined qualifications. Non-discretionary bonuses, on the other hand, are given to employees based on specific qualifications that the employee is aware of. Under the Fair Labor Standards Act (FLSA), non-discretionary bonuses given to non-exempt employees can affect how overtime pay is calculated. This is because the bonus is considered part of the employee’s regular rate of pay, and therefore must be included when calculating the overtime rate.

Non-Discretionary Actions means an action that is required to be taken immediately to prevent an Emergency Situation, including (i) actions taken as a result of a Force Majeure Event, (ii) actions relating to environmental, safety, health or security or that arise necessarily out of compliance with Applicable Laws.

Is Medicare discretionary?

Discretionary spending is the part of the federal budget that is set each year by Congress. This funding is used for things like defense, education, and transportation. Nearly 70% of federal spending is controlled either by legislative committees or, like Medicare, Social Security, and Medicaid, is on auto-pilot and does not need to be appropriated every year. This is called direct or mandatory spending.

An elective course is one that a student can choose to take as part of their curriculum. Elective courses are typically not required for graduation, but they may be required for a specific program or major.discretionary vs non discretionary_2

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How do you use discretionary

Households have already cut back on discretionary spending amid worries about the economic outlook. This includes spending on things that are not considered completely necessary, such as vacations, entertainment, and expensive clothing. While this may be good for the economy as a whole, it can be difficult for individual families who are used to a certain level of spending.

Discretion is an important power that allows judges and other officials to act according to their own judgment and conscience. This is especially important in criminal and tort law, where discretion allows these officials to rule on right and wrong and find people liable for their own conduct. Discretion is a valuable power that helps to ensure fairness and justice in our legal system.

What is discretionary responsibility

Discretionary responsibility refers to purely voluntary obligations that an enterprise assumes. It is the responsibility of the company management to safeguard the capital investment by undertaking only healthy business ventures which gives good returns on investment. It includes charitable contributions, helping people in need, etc. This kind of responsibility is not required by law but is assumed by the company to maintain a good image in the society.

While companies are not legally required to provide employees with discretionary benefits, doing so can create a more productive and engaged workforce. Offering these benefits can also help attract and retain top talent.

What’s a discretionary bonus

Discretionary bonuses are those that are not contractually obligated. The employer has the discretion to determine when and how much to award. These bonuses are generally given based on factors such as job performance or company profitability.

ADiscretionary housing payments (DHP) are extra payments to help claimants with their housing costs.
You may be able to get a DHP if you’re claiming:
-Housing Benefit
-Universal Credit and need help with your rent

You don’t have to repay a DHP.

DHPs are awarded at the discretion of the local authority. This means each request is considered on its own merits.

What is a discretionary category

Discretionary spending refers to the money spent on optional items that are not essential to daily living. This spending is often done on items that are considered fun or luxurious, such as vacations, entertainment, and expensive clothing. Because discretionary spending is not essential, it can be one of the first areas to be cut back on when finances are tight.

In some circumstances, contracts grant one party the right to make a decision on a specified matter using their discretion. This means that the party can choose how to proceed in the situation, as long as they act reasonably. This can be helpful in cases where the parties want to give someone the flexibility to make a decision, but don’t want to leave it entirely up to them.

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What does discretionary mean in business

Discretionary expenses are non-essential expenses that are incurred by an individual, household, or business. Another way to think of discretionary expenses is to classify them as “wants” instead of “needs.” Discretionary expenses are not essential to survival or well-being, but rather are expenses that are incurred for luxuries or for personal preferences.

Judicial discretion refers to a judge’s power to make a decision based on their individualized evaluation, guided by the principles of law. Judicial discretion gives courts immense power which is exercised when legislature allows for it. In the United States, judicial discretion is often used in lower courts when determining sentencing for criminal offenses. This power allows judges to tailor their decision to the unique facts and circumstances of the case, which can result in more just outcomes.

Is clothing non discretionary

While clothes definitely serve a purpose and are a necessity for most people, they can also be a significant expense, particularly if you are someone who likes to keep up with the latest trends. If you find yourself spending a lot of money on clothes, it might be worth considering whether you could cut back in other areas of your life in order to free up some additional cash. Alternatively, you might try shopping at second-hand stores or looking for sales and discounts in order to save money on clothing purchases.

Discretionary tasks are those that are not required by law or regulation, but are left up to the discretion of the agency or agent. Typically, they are used for situations that happen frequently, but not as part of every case. For example, a discretionary task might be used to initiate a fraud investigation for an insurance claim.

Warp Up

There is a big distinction between discretionary and non-discretionary spending.

Discretionary spending is money that you have some control over. For example, you may decide to spend money on a new outfit, or tickets to a movie. This is in contrast to non-discretionary spending, which is money that you have to spend. Money for rent, food, and utilities would all be considered non-discretionary spending.

There are advantages and disadvantages to both discretionary and non discretionary spending. It is important to decide what is best for your own personal finances. If you are good with money and can stick to a budget, then discretionary spending may work better for you. However, if you find yourself over spending or unable to stick to a budget, then non discretionary spending may be the better option.

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