Meaning of “discretionary account” in the English Dictionary

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"discretionary account" in Business English

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discretionary accountnoun [ C ]

uk us 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)