DISCRETIONARY ACCOUNT


Meaning of DISCRETIONARY ACCOUNT in English

noun Date: circa 1920 a security or commodity market account in which an agent (as a broker) is given power of attorney so as to be able to make independent decisions and buy and sell for the principal's account

Merriam Webster. Explanatory English dictionary Merriam Webster.      Толковый словарь английского языка Мерриам-Уэбстер.