Financial Definition of Discretionary Account
Meaning of Discretionary Account
Accounts over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control.
Legal Definition of Discretionary Account
An account in which the customer gives the broker or someone else discretion to buy and sell securities or commodities, including selection, timing, amount, and price to be paid or received.
Related Entries of Discretionary Account in the Encyclopedia of Law Project
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Discretionary Account in Historical Law
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Legal Abbreviations and Acronyms
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| Discretionary Account in the Dictionary | Discretionary Account in our legal dictionaries |
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| Related topics | Discretionary Account in the World Encyclopedia of Law |
What is Discretionary Account?
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