DISCRETIONARY ACCOUNT


Meaning of DISCRETIONARY ACCOUNT in English

Function: 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 Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.