discretionary account - definition in the Business English Dictionary - Cambridge Dictionaries Online

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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of discretionary account?
Add Cambridge dictionaries to your browser to your website

Word of the Day

aid

help or support

Word of the Day

May I sit here? Asking for and giving permission.

by Liz Walter,
June 03, 2015
We often find ourselves in situations where we need to ask for permission or to reply to people who ask us for permission. Here are some words and phrases to help you do this in a natural way. The simplest way to ask for permission is with the modal verb can: Can

Read More 

ebolaphobia noun

June 01, 2015
irrational fear of the (spread of) the Ebola virus Ebolaphobia Going Viral

Read More