Discretionary Bonus: A form of variable pay where an employer provides additional cash compensation to an employee for reasons that are not pursuant to any prior contract, agreement or promise that would lead the employee to expect the payments regularly.

 

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Discretionary Bonus: A form of variable pay where an employer provides additional cash compensation to an employee for reasons that are not pursuant to any prior contract, agreement or promise that would lead th . . . View Full Definition

Lease Bonus: Money paid to a mineral rights owner in exchange for granting a lease. This payment may be in addition to any rental or royalty payments.

Discretionary Trust: A type of buy order that gives the broker the freedom and power to make the execution at any time and price that is seen fit and reasonable, given the investor's goals.

Nondiscretionary Trust: A personal trust whose trustee has no discretion in deciding how income will be distributed to the beneficiary.

Retention Bonus: An incentive payment used to entice employees from leaving the organization. Typically employees are asked to sign an agreement stating they will remain employed for a specific duration or u . . . View Full Definition

Zero-Based Bonus: A plan design feature that establishes a pre-assigned class, ratio, or ranking for a specified class of employees who will receive zero bonus awards.

Stock Bonus Plan: When two or more orders for a stock at a certain price arrive about the same time, and the exchange's priority rules take effect. NYSE rules stipulate that the bid made first should be execu . . . View Full Definition

Signing Bonus: Money paid to a mineral rights owner in exchange for granting a lease. This payment may be in addition to rental or royalty payments.

Discretionary Order: The amount of income a consumer has available after purchasing essentials such as food and shelter.

Discretionary Income: Income left over for investment after allocations for bills and savings.