Dictionary

discretionary account

noun

Definition of DISCRETIONARY ACCOUNT

:  a security or commodity market account in which an agent (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

First Known Use of DISCRETIONARY ACCOUNT

circa 1920

Browse

Next Word in the Dictionary: discretionary incomePrevious Word in the Dictionary: discretionaryAll Words Near: discretionary account
May 04, 2015
cozen Hear it
to deceive by coaxing or trickery
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears