discretionary terms
[dɪˈskriːʃəneri tɜːrmz]
noun phrasepl: discretionary terms
termos discricionários
1. Conditions or provisions in a contract, agreement, or legal document that allow one or more parties to make decisions or choices within specified parameters, rather than being mandatory or fixed
The employment contract included discretionary terms regarding bonus payments based on performance.
O contrato de trabalho incluía termos discricionários em relação aos pagamentos de bônus com base no desempenho.
2. In finance and law, flexible clauses that grant authority to a party to exercise judgment or choice in their implementation
The investment agreement contained discretionary terms that allowed the fund manager to adjust the portfolio allocation.
O acordo de investimento continha termos discricionários que permitiam ao gestor do fundo ajustar a alocação da carteira.
This is a formal legal and business term used in both Brazilian and American English-speaking contexts. In Brazil, it appears frequently in corporate contracts, employment agreements, and investment documents, particularly in São Paulo's financial district. The concept reflects the legal principle that parties can negotiate flexible terms rather than accepting rigid, predetermined conditions. Understanding discretionary terms is crucial in Brazilian business culture, where negotiations and flexibility in contract terms are often expected.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →