| 单词 | discretionary |
| 释义 | discretionary discretionary /; AmE / adjective [usually before noun]
1 decided according to the judgement of a person in authority about what is necessary in each particular situation, rather than being decided by a set of rules: Each member of staff is eligible for a discretionary bonus. reforms reducing the discretionary powers of customs officials Annual bonuses are distributed on a discretionary basis.
a discretionary award/bonus/grant/payment
2 (Finance ) relating to investment funds placed with a broker or manager who is free to make decisions about how to invest them on the investor's behalf: a discretionary portfolio manager Greater protection is given to a customer whose assets are managed on a discretionary basis. |
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