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.
References in periodicals archive ?
The "greatest area of failure" was in the management and control of a discretionary account, the statement says.
The capital component is treated as an obligation paid from its discretionary account, which is junior to all outstanding to senior and subordinate lien revenue bonds and commercial paper payments.
However, that will be available only in connection with providing investment advice, not providing discretionary account management.
The discretionary account - around $20 million - is used predominately for art acquisition and museum promotion.
Main findings from this analysis include: (1) Behavior categories that the authors identify as discretionary account for a combined 85.5% of yearly behavioral incidents, on average.
The firm aims to run mainly businesses as asset securitization and discretionary account operation, Lo said.
The verdict cites the duo's alleged embezzlement of more than $3 million from a presidential discretionary account during Chen's two terms as president, and receipt of nearly $12 million in kickbacks.
curriculum with assistance from dance professionals; give each school a discretionary account with which to purchase P.E.
Mr McCarthy, who served in some of the country's toughest jails, used money from his own discretionary account to foot the bill.
Incentives are calculated and paid annually with funds from the program's discretionary account. Discretionary account funding is derived from the interest earned on departmental endowment funds.
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