discretionary account

discretionary account. An account that allows a broker access to a customer’s funds to purchase and sell securities or commodities for the customer based on the broker’s judgment and without first having to obtain the customer’s consent to the purchase or sale. [Cases: Brokers 19. C.J.S. Brokers §§ 5, 25–26, 50, 56–57, 59.]

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词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。