Full discretion definition

Full discretion means the power to distribute
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Full discretion means a power to distribute principal to or for the benefit of one or more of the beneficiaries of a trust that is not a trust with limited discretion.
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Full discretion means a [the] power to
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Examples of Full discretion in a sentence

  • Full discretion, within the parameters of the guidelines described herein, is granted to the investment managers regarding the asset allocation, the selection of securities, and the timing of transactions.

  • Full discretion, consistent with this policy, is granted to all investment managers.

  • Full discretion, consistent with this policy and contractual guidelines, is granted to all investment managers.

  • Full discretion will be given to the Director of Community Development and Assessment to determine whether this condition has been met.

  • Full discretion in implementing the investment strategy, within the parameters of all applicable guidelines described herein, is granted to the Commission’s investment managers regarding the selection of securities and the timing of transactions within the portion of the Portfolio allocated to each manager.

  • Full discretion, within the parameters of these guidelines is granted to the investment managers regarding the allocation of their portfolios, the selection of securities, and the timing of transactions.

  • Policy issue 6: Need for harmonisation of timing of fundingOption 6.1: Full discretion to Member States CostsPolicyholdersSome degree of harmonisation across Member States would increase the protection of policyholders, particularly in cross-border situations.IndustryNo level playing field between insurers in the EU.SupervisorsNo material costs identified.OtherNo material costs identified.

  • Need for harmonisation of geographical scope of national IGSs3.1 Full discretion to Member States3.2 Home-country principle3.3 Host-country principle3.4 Host-country principle plus recourse arrangements 4.

  • Full discretion is not delegated to the investment advisor regarding the investment of the respective portfolios.

  • Policy issue 5: Need for harmonisation of eligible claimantsOption 5.1: Full discretion to Member States CostsPolicyholdersDifferences in policyholder eligibility and, hence, policyholder protection, will be preserved and maintained.IndustryNo level playing field with respect to the eligible claimants across the Member States.SupervisorsNo material costs identified.OtherNo material costs identified.BenefitsPolicyholdersNo material benefits identified.


More Definitions of Full discretion

Full discretion means the power to distribute principal to or for the benefit of one or more of the beneficiaries of a trust that is not limited or modified by the terms of the trust in any way, including by restrictions that limit distributions to purposes such as the best interests, welfare, or happiness of the beneficiaries.
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Full discretion means that the trustee of the existing trust has a power to distribute principal to or for the benefit of one or more of the beneficiaries of a trust, and that the trust is not a trust with limited discretion. Conversely, “limited discretion” means either (1) a power to distribute principal according to mandatory distribution provisions under which the trustee has no discretion, such as the age-terminating example referenced in the introduction; or (2) a power to distribute principal to or for the benefit of one or more beneficiaries of a trust that is limited by an ascertainable standard, including the health, education, support, or maintenance of the beneficiary.16
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Related to Full discretion

  • Remuneration Committee means the remuneration committee of the Company;

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • the Board means the board of directors of the Company;