Limited discretion definition

Limited discretion means a limited or modified
Limited discretion means a discretionary power of
Limited discretion means a limited or modified power to distribute principal to or for the benefit of one or more beneficiaries of a trust.

Examples of Limited discretion in a sentence

  • Limited discretion is available for the selection of the appropriate means of completing duties or tasks.

  • Limited discretion means that the advisor is responsible for assessing the appropriateness of asset allocation strategies but does not have discretion to change the strategy without the FIC’s approval.

  • Limited discretion is available to select the appropriate means of completing the tasks.

  • Delegated Inspection Authority will be approved at Chelton Limited discretion, when such training and delegation is mutually agreeable.

  • The auditing of accounts and of the legality and regularity of the underlying transactions should be undertaken by the Court of Auditors.

  • Limited discretion and accountability after the fact When the trustees' discretion is limited and when the results of the trustees' decisions can be evaluated, the trustees usually are required to disclose what they have done after the fact.

  • The amount and timing may vary depending on factors solely at Trust Securities & Brokerage Limited discretion.

  • Limited discretion in implementation can be granted to the executive branch if the exercise of discretion is: “.

  • Limited discretion is given to the courts to make such an order, but if it does, it must make an alternative penalty, which could be a shortening of the contract or a fine.

  • However, we believe the following revisions would clarify the proposed guidance: ► Limited discretion by the recipient: The proposed guidance only describes the absence of limited discretion (i.e., a situation when the recipient has broad discretion), which could make it difficult for entities to differentiate between limited discretion as a donor-imposed condition and a donor- imposed restriction because both limit the use of transferred assets.


More Definitions of Limited discretion

Limited discretion means a discretionary power of distribution that is limited to an ascertainable standard or a reasonably definite standard.
Limited discretion means a [limited or modified] 3-62 power to distribute principal to or for the benefit of one or more 3-63 beneficiaries of a trust that is limited by an ascertainable 3-64 standard, including the health, education, support, or maintenance 3-65 of the beneficiary.

Related to Limited discretion

  • Limited liability means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

  • Registered Office means the registered office for the time being of the Company.

  • Junior accessory dwelling unit means a unit that is no more than 500 square feet in size and contained entirely within a single-family residence. A junior accessory dwelling unit may include separate sanitation facilities, or may share sanitation facilities with the existing structure.

  • Limited access highway means a highway:

  • Accessory dwelling unit means an attached or a detached residential dwelling unit that provides complete independent living facilities for one or more persons and is located on a lot with a proposed or existing primary residence. It shall include permanent provisions for living, sleeping, eating, cooking, and sanitation on the same parcel as the single-family or multifamily dwelling is or will be situated. An accessory dwelling unit also includes the following:

  • Seat means a structure which may or may not be integral with the vehicle structure complete with trim, intended to seat one adult person. The term covers both an individual seat or part of a bench seat intended to seat one person;