Search Results for: sole discretion

discretion

discretion (di-skresh-[schwa]n). 1. Wise conduct and management; cautious discernment; prudence. 2. Individual judgment; the power of free decision-making. sole discretion. An individual’s power to make decisions without anyone else’s advice or consent. 3. Criminal & tort law. The capacity to distinguish between right and wrong, sufficient to make a person responsible for his or her

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under 65 trust

A discretionary trust established for the sole benefit of a Medicaid recipient who is under the age of 65. • This type of trust may be established by anyone except the beneficiary, who must be less than 65 years old at the time of creation. The assets in trust will not be included in the

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affiliated purchaser

Securities. Any of the following: (1) a person directly or indirectly acting in concert with a distribution participant in connection with the acquisition or distribution of the securities involved; (2) an affiliate who directly or indirectly controls the purchases of those securities by a distribution participant, or whose purchases are controlled by such a participant,

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