discretionary account
noun
: a security or commodity market account in which an agent (such as a broker) is given power of attorney so as to be able to make independent decisions and buy and sell for the principal's account
Examples of discretionary account in a Sentence
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Republicans in this Congress have failed to tame federal spending—on either entitlements or the discretionary accounts that won a big increase in this year’s omnibus bill.
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The Editorial Board, WSJ, 13 May 2018
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The Editorial Board, WSJ, 13 May 2018
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“Discretionary account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/discretionary%20account. Accessed 5 Nov. 2024.
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