DISCRETIONARY ACCOUNTS


Meaning of DISCRETIONARY ACCOUNTS in English

An arrangement in which an account holder gives power of attorney to another person, usually his broker, to make decisions to buy or to sell without notifying the owner of the account. Discretionary accounts often are called "managed" or "controlled" accounts.

A guide to futures and options market technology English dictionary.      Английский словарь-руководство по фьючерсам и опционам рыночных технологий .