Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English


English definition of “discretionary account”

discretionary account

noun [C]     FINANCE
a financial arrangement in which an investment manager or broker has the authority to make investment decisions without instructions from their client : The retailer said the loss resulted from trading in a discretionary account by a financial consultant retained to manage the company's short-term investments .
(Definition of discretionary account noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of discretionary account

Word of the Day


relating to behaviour between people that is pleasant and friendly, often despite a difficult situation

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More