- discretionary client
- /dɪˌskreʃ(ə)n(ə)ri 'klaɪənt/ nouna client whose funds are managed on a discretionary basis
Dictionary of banking and finance. 2015.
discretionary client
Look at other dictionaries:
discretionary service — ➔ service1 * * * discretionary service UK US noun [C] FINANCE ► a type of financial advice that is based on each client s special needs and aims: »We offer discretionary services, with expert advice on complex issues such as inheritance tax and… … Financial and business terms
discretionary — A discretionary broker buys and sells shares on behalf of the client and also has the authority to make investment decisions without the prior approval of the client. London Stock Exchange Glossary * * * discretionary UK US /dɪˈskreʃənəri/… … Financial and business terms
Discretionary Account — An account that allows a broker to buy and sell securities without the client s consent. The client must sign a discretionary disclosure with the broker as documentation of the clients consent. This is sometimes referred to as a managed account … Investment dictionary
discretionary account — An arrangement by which the holder of the account gives written power of attorney to another person, often his broker, to make trading decisions. Also known as a controlled or managed account. Chicago Board of Trade glossary An arrangement in… … Financial and business terms
discretionary — /dɪ skreʃ(ə)n(ə)ri/ adjective which can be done if someone wants ♦ the minister’s discretionary powers powers which the minister could use if he or she thought it necessary ♦ on a discretionary basis referring to a way of managing a client’s… … Dictionary of banking and finance
Discretionary account — Accounts over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control. The New York Times Financial Glossary * * * discretionary account discretionary account ➔… … Financial and business terms
discretionary management — A broker who has authority to execute all decisions regarding stocks and shares on behalf of his client without getting prior approval. Customised investment method in which a client enters into an agreement authorising an intermediary to manage… … Financial and business terms
discretionary account — /dɪˌskreʃ(ə)n(ə)ri ə kaυnt/ noun a client’s account with a stockbroker, where the broker invests and sells at his own discretion without the client needing to give him specific instructions … Dictionary of banking and finance
discretionary order — 1) An order given to a stockbroker, commodity broker, etc. , to buy or sell a stated quantity of specified securities or commodities, leaving the broker discretion to deal at the best price. 2) A similar order given to a stockbroker in which the… … Big dictionary of business and management
Limited Discretionary Account — A type of account in which a client allows a broker to act on his or her behalf in buying and selling securities. In this case, the broker can make certain types of trades without prior consent from the client. In order for this arrangement to… … Investment dictionary
