investment discretion

investment discretion. The ability of a person to (1) determine what will be purchased or sold by or for an account, (2) decide what will be purchased or sold by or for the account even though another may have the responsibility, or (3) influence the purchase or sale of securities or property in a way that, according to an administrative agency such as the Securities and Exchange Commission, should be subject to the agency’s governing rules and regulations.

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词条贡献者

法律翻译郭敏，毕业于欧洲顶尖的高级翻译学院，擅长翻译涉及互动娱乐领域的法律文件。