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discretionary account
(redirected from Discretionary Accounts)

   Also found in: Financial 0.01 sec.
discretionary account
n.
A stock or commodity account in which an agent is free to trade without prior consultation with the customer.


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Ortiz said he will consider, instead, reducing the councilors' discretionary accounts -- about $3,500 per councilor for travel, conference fees or other expenses.
HSBC's private banking division had last week announced that it was discontinuing its service for advisory accounts that have below GBP1m under management and discretionary accounts that have below GBP300,000 under management.
Discretionary accounts may also be set up in special circumstances.
 
 
 
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