An arrangement by which the owner of the account gives written power of attorney to someone else, usually the broker or a Commodity Trading Advisor, to buy and sell without prior approval of the account owner. Also referred to as a Managed Account.

An account for which the holder gives his/her broker or someone else the authority to buy and sell securities, either absolutely or subject to certain restrictions. also called controlled account or managed account. see also limited discretionary account, trading authorization.

A customer account in which the customer has given to the broker-dealer carrying the account authority to determine what securities to purchase or sell for the account, when to do so and at what prices.  This authority must be granted in writing.  The customer often specifies certain investment objectives or criteria that may limit the broker-dealer's exercise of its discretion.  MSRB rules establish several requirements specifically applicable to discretionary accounts.

An account where a customer allows the institution to make trading decisions and buy and sell on his or her behalf.

An account in which the customer gives the broker or someone else authorization to buy and sell securities or commodities. Discretionary authority includes control over the selection and the amount of securities that will be bought or sold.

a reference to dealings by CDM Trading Pty Ltd in derivatives on the instructions of the Client that authorise CDM Trading Pty Ltd to deal in derivatives without the prior approval of that Client

A securities account created when a client gives a partner, director or qualified portfolio manager of an investment dealer specific written authorization to select securities and execute trades on the client's behalf.

A vehicle in which investors give a manager or broker discretion to buy and sell securities, futures or other assets on their behalf, either unconditionally or with restrictions.

In a discretionary account, a broker can use his or her discretion to make purchases and sale transactions on behalf of the client.

Is an account whereby another party holds limited or full Power of Attorney over the trading or investment account of another.

An arrangement by which the holder of the account gives written power of attorney to another, often his broker, to make buying and selling decisions without notification to the holder; often required to as a Managed Account or Controlled Account.

An arrangement by which the holder of the account gives written power of attorney to another person, often his broker, to make trading decisions. Also known as a controlled or managed account.

An account in which the customer permits a trading institution to act on the customer's behalf in buying and selling currency pairs. The institution has discretion as to the choice of currency pairs, prices, and timing-subject to any limitations specified in the agreement.

An account for which the portfolio manager has complete control to approve budgets, and buy, sell, lease, and improve properties.

When account holders have trading control.

An account empowering a broker or adviser to buy and sell without the client's prior knowledge and consent.

A type of account with a broker-dealer in which the investor authorizes the broker to buy and sell securities, selected by the broker, at a price, amount, and time the broker believes to be best.

An account in which the customer gives the broker or someone else discretion to buy and sell securities or commodities, including selection, timing, amount, and price to be paid or received.

A client account in which the account executive is permitted to buy and sell securities for the client without the client’s prior permission. The opening of such an account requires the special permission of the firm’s management.

A securities account where the client has given specific written authorization to a partner, director or qualified portfolio manager to select securities and execute trades for him or her. See also Managed Account and Wrap Account.

An account funded from non-public gifts which allows increased flexibilty and discretion in expenditure and designated to local program 64.

A customer's account in which an employee of a member firm has authority to act arbitrarily. The meaning of this term does not include authorized use of judgment as to time or price of execution for an order prompted by a customer.

A brokerage account in which the customer has given the broker the authority to buy and sell securities at his or her discretion.

An arrangement by which the holder of a futures or futures options account gives written power of attorney to someone else, often the broker, to buy and sell futures and/or futures options without the holder's prior approval.

A brokerage account whereby the broker has been given authorisation by the customer to trade securities at his/her discretion.

An arrangement by which the customer holding a commodity trading account gives written power of attorney to someone else, often the broker, to buy and sell commodity futures contracts without the prior approval of the customer. Often referred to as a "managed account."

A type of brokerage account in which a client authorizes a brokerage representative and firm to engage in purchases and sales of securities on the client's behalf. The brokerage representative typically has the authority to determine the price, amount, timing and types of securities for transactions in a discretionary account. Securities regulations require that such discretionary authorization be evidenced in writing and approved in writing by the broker dealer carrying the account.

A type of account where you give some the broker some control over purchase and sale of securities on your behalf, without you having to approve each order. This should be done if you really trust your broker as discretionary powers can lead to abuses.

Type of account in which the broker or advisor has the authority to buy and sell securities without the client's prior knowledge of consent.

An arrangement by which the holder of an account gives written power of attorney to someone else, often a Commodity Trading Advisor, to buy and sell without prior approval of the holder; often referred to as a "managed account" or controlled account.

An account where the account manager is permitted to buy and sell without the client's prior permission.

securities account where the client has given specific written authorization to a partner, director or qualified portfolio manager of an investment dealer to select securities and execute trades on behalf of that investor. These are opened up as a matter of convenience to clients who are unable to attend to their own accounts through illness or absence from the country.

A type of brokerage account whereby clients authorize their broker to buy and sell securities or commodities when the broker deems it is appropriate. The broker will decide when and which securities, the amount of shares, and price to be paid or received without the client's prior knowledge or consent. Some clients may set guidelines for the broker, such as limiting the type of securities in which to invest.

An account whereby the holder gives written power of attorney to another person or entity to make trading decisions on his behalf.