Meanings
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.