Discretionary

Not mandatory; up to the individual. The Term usually refers to a discretionary Account which is a brokerage Account in which the Client has given the Broker the authority to carry out transactions without checking with the Client first.

Related Terms: 13 Account, Action, Broker, Brokerage, Check, Client, Car, Discretionary account, Discretion, Discretionary, Lien, Transaction, Term

Other Related Pages: Category: Law_and_Estate_Planning Starting With: D

Additional Related Terms: 10-K, Account, Account statement, Account aggregation, Account balance, Active account, Alternate account, Asset management account, At par, Authority bond