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Finance Dictionary and Glossary of Investment Terms
Discretionary account
Definition 1.
Accounts over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control.
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Definition 2.
An account that allows a broker to buy and sell securities without the client's consent.
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Definition 3.
An account empowering a broker or adviser to buy and sell without the client's prior knowledge and consent.
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