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discretionary collective investment vehicles

English translation: definition of Discretionary

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:discretionary collective investment vehicles
English translation:definition of Discretionary
Entered by: airmailrpl
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10:38 May 24, 2005
English to English translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: discretionary collective investment vehicles
From a text about a real estate fund / real estate asset management company.
I particularly look for the explanation of "discretionary" in this context.
The whole sentence is: "Creation and the management of discretionary collective investment vehicles designed to provide experienced investors with access to real estate investment opportunities world-wide."
Also occurs in: "Design and execution of discretionary real estate funds management strategies on a separate account basis for institutional and private investors. "
TIA
Marek Buchtel
Czech Republic
Local time: 01:19
definition of Discretionary
Explanation:
Creation and the management of discretionary collective investment vehicles

Discretionary trust

Definition
Discretionary trusts are one of the most flexible trust funds. Once the assets are transferred to the trust fund, the transferor no longer have legal rights to, or ownership of, them. However, the transferor can maintain control by appointing the trustee. The capital the transferor puts into the trust stays there until the time stipulated by the transferor for funds to be paid out or until such time as the trustees decide to do so.

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Note added at 8 mins (2005-05-24 10:47:36 GMT)
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discretionary account
NOUN: A stock or commodity account in which an agent is free to trade without prior consultation with the customer.
http://yahooligans.yahoo.com/reference/dictionary/entries/23...

Discretionary account

What\'s the definition?
An arrangement by which the holder of an account gives written power of attorney to someone else, to buy and sell without prior approval of the holder; often referred to as a \"managed account\" or controlled account.
http://www.investordictionary.com/definition/Discretionary a...
Selected response from:

airmailrpl
Brazil
Local time: 20:19
Grading comment
Thank you!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4definition of Discretionary
airmailrpl


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
definition of Discretionary


Explanation:
Creation and the management of discretionary collective investment vehicles

Discretionary trust

Definition
Discretionary trusts are one of the most flexible trust funds. Once the assets are transferred to the trust fund, the transferor no longer have legal rights to, or ownership of, them. However, the transferor can maintain control by appointing the trustee. The capital the transferor puts into the trust stays there until the time stipulated by the transferor for funds to be paid out or until such time as the trustees decide to do so.

--------------------------------------------------
Note added at 8 mins (2005-05-24 10:47:36 GMT)
--------------------------------------------------

discretionary account
NOUN: A stock or commodity account in which an agent is free to trade without prior consultation with the customer.
http://yahooligans.yahoo.com/reference/dictionary/entries/23...

Discretionary account

What\'s the definition?
An arrangement by which the holder of an account gives written power of attorney to someone else, to buy and sell without prior approval of the holder; often referred to as a \"managed account\" or controlled account.
http://www.investordictionary.com/definition/Discretionary a...

airmailrpl
Brazil
Local time: 20:19
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in category: 4
Grading comment
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