discretionary account

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discretionary account

n.
A stock or commodity account in which an agent is free to trade without prior consultation with the customer.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
Upon which, the chief justice asked were the quake funds transferred to discretionary accounts.
The increase is mainly arising from the increase of performance fee out of our delivery of good investment return on Oceanwide China Focus Segregated Portfolio (OCF) and discretionary accounts. Our asset management business now mainly includes managing OCF, a private fund registered in Cayman Islands, Oceanwide Greater China UCITS Fund (UCITS), a European public fund registered in Luxembourg, a private equity fund called Oceanwide Pioneer Limited Partnership and various discretionary accounts.
According to the SEC's cease-and-desist order against Robert Wilson and his firm Black Diamond Asset Management, Wilson initially registered by claiming that Black Diamond had more than $583 million in assets under management and at least 26 discretionary accounts, but a year later changed the firm's Form ADV to claim eligibility as a midsize advisor with $25 million to $100 million in AUM domiciled in New York and/or Wyoming.
Congress and the president could choose to put more pressure on mandatory spending programs and thus perhaps ease the pressure on discretionary accounts, or vice versa.
Ryan and Murray are the co-chairs of the 29-member congressional conference panel that was assigned the task of finding savings to offset 2014 and 2015 sequester hits for discretionary accounts. The spending bill, known as the Bipartisan Budget Act of 2013, passed the House of Representatives and was approved by the Senate.
This means that each year the appropriations committees in Congress will have $109 billion less than the amounts they anticipated--and specifically that each year there will be at least $33 billion less for non-defense discretionary accounts, including the one that funds the department of Health and Human Services (including the CDC).
It's split into restricted and discretionary accounts. The restricted account - around $70 million - is used to pay for fixed costs such as salaries and maintenance.
Based in New York City, Scarsdale Equities is an institutional FINRA-member broker/dealer and SIPC member, offering investment banking, discretionary accounts management and institutional equity trading services.
New research findings by MyPrivateBanking Research reveal that only 10 per cent of the world's most important wealth managers publish performance data for their discretionary accounts (accounts for which the holder gives the wealth manager or bank authority to buy and sell securities at their discretion) and only 22 per cent offer specific information about their fees.
Ultimately, the most important point is that the discretionary accounts (medical care, veterans' benefits, construction, and other operations) within VA and the mandatory accounts (compensation, pension, education, and other benefits) support programs that are an earned benefit VA provides to veterans.