Cash flow that is available after the funding of all positive net present value (N.P.V.) capital investment projects; it is available for paying cash dividends , repurchasing common stock , retiring debt , and so on.
DISCRETIONARY CASH FLOW
Meaning of DISCRETIONARY CASH FLOW in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012