discretionary account

noun

Definition of discretionary account 

: 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

Recent Examples on the Web

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. The Editorial Board, WSJ, "A Useful Spending Debate," 13 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'discretionary account.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of discretionary account

1885, in the meaning defined above

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The first known use of discretionary account was in 1885

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