Ermessensfreiheit

German

Etymology

Ermessen (“discretion/judgment”) +‎ -s- +‎ Freiheit (“freedom”)

Pronunciation

  • IPA(key): [ɛɐ̯ˈmɛsn̩sˌfʁaɪ̯haɪ̯t]
  • Hyphenation: Er‧mes‧sens‧frei‧heit

Noun

Ermessensfreiheit f (genitive Ermessensfreiheit, plural Ermessensfreiheiten)

  1. (finance, law) discretionary power, discretionary freedom, latitude (the freedom to make decisions within certain limits or according to one's own judgment)
    Der Fondsmanager genießt bei der Auswahl der Einzelwerte eine weitgehende Ermessensfreiheit, solange er die Anlagerichtlinien einhält.
    The fund manager enjoys extensive discretionary power or discretionary freedom in selecting individual stocks, as long as he adheres to the investment guidelines.
    In Krisenzeiten schränken institutionelle Kunden die Ermessensfreiheit ihrer Verwalter oft ein, um die Risikokontrolle zu verschärfen.
    In times of crisis, institutional clients often restrict their managers' latitude or discretionary power to tighten risk control.

Declension

Declension of Ermessensfreiheit [feminine]
singular plural
indef. def. noun def. noun
nominative eine die Ermessensfreiheit die Ermessensfreiheiten
genitive einer der Ermessensfreiheit der Ermessensfreiheiten
dative einer der Ermessensfreiheit den Ermessensfreiheiten
accusative eine die Ermessensfreiheit die Ermessensfreiheiten

Synonyms

  • Handlungsspielraum (room for maneuver)
  • Dispositionsfreiheit (freedom of disposition)
  • Entscheidungsspielraum (scope for decision-making)

Antonyms

  • Bindung (commitment/obligation)
  • Weisungsgebundenheit (obligation to follow instructions)

Hypernyms

Coordinate terms

  • Anlageparameter (the boundaries of the discretionary power)
  • Anlagerichtlinien (the formal framework for the latitude)
  • Hebelwirkung (the use of leverage often falls under the manager's discretion)
  • Treuepflicht (fiduciary duty; the ethical limit of discretion)
  • ermessen (to judge/assess)
  • freiheitsgrad (degree of freedom)

References

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