non-discretionary
adjective
(alsonondiscretionary)uk/ˌnɒn.dɪˈskreʃ.ən.ər.i/us/ˌnɑːn.dɪˈskreʃ.ən.er.i/relatingto something that youpayfor that isconsiderednecessary, such asfoodandrent:
Thepriceof non-discretionaryitemssuch asfuelandfoodhas beenrisingsharply.
The non-discretionarynatureof thehealthcarechain'sproductshelpeditsurvivetheeconomicdownturn.
finance & economics,lawspecialized
A non-discretionaryfund(= anamountofmoneysavedorinvestedfor someone)does notallowthepersonwhomanagesthefundto makedecisionsabout how themoneyin it ismanagedand used, withoutaskingthepersonwho themoneybelongsto:
With a non-discretionaryaccount, you make all thetradingdecisions, and thebrokermay notexecuteanytransactionswithoutyourapproval.
Trustsmay be eitherdiscretionaryor non-discretionary.
- Thedealcoverseverydayitemsthat manypeoplealreadyspendsignificantsumson, and that arelargelynon-discretionary.
- Thecostoflivingkeepsrising,especiallyfor non-discretionaryexpendituresuch asrentandmortgagepayments,healthcareandchildcare.
- Non-discretionaryspendingonhouseholdbills,rent,mortgagepayments, andpetrolhaveincreasedby 11% over the pastyear.
Essential or necessary
- basically
- basis
- be a question ofdoing somethingidiom
- box ticking
- business-critical
- dependence
- elemental
- if need beidiom
- if/when push comes to shoveidiom
- incumbent
- indispensable
- inhere insomething
- necessitate
- necessity
- need
- needed
- needful
- owe
- symbiotically
- warrant
You can also find related words, phrases, and synonyms in the topics:
Stock markets
Trusts & funds