DISCRETIONARY ACCOUNT


Meaning of DISCRETIONARY ACCOUNT in English

transcription, транскрипция: [ 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's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.