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
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.
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The Editorial Board, WSJ, 13 May 2018
The Editorial Board, WSJ, 13 May 2018
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'discretionary account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1885, in the meaning defined above
Time Traveler
The first known use of discretionary account was
in 1885
Dictionary Entries Near discretionary account
Cite this Entry
“Discretionary account.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/discretionary%20account. Accessed 19 Apr. 2024.
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