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Discretion |
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DiscretionFreedom given to the floor broker by an investor to use his judgment regarding the execution of an order. Discretion can be limited, as in the case of a limit order that gives the floor broker 1/8 or 1/4 point from the stated limit price to use his judgement in executing the order. Discretion can also be unlimited, as in the case of a market-not-held order. See also: Market Not Held Order.Discretion Similar MatchesDiscretionary PropositionDiscretionary PropositionA proposal on a proxy card that brokers can cast in favor of management if they have not yet heard from the beneficial holder ten days before the annual meeting. See: Ten-Day Rule Limited discretionLimited discretionPermission by a client that allows a broker to make certain stock and option trades without first consulting the client about the trade. Discretionary reservesDiscretionary reservesBalance sheet accounts representing temporary accumulations of earnings from the current year or the recent past. Discretionary licensingDiscretionary licensingSee licensing. Discretionary incomeDiscretionary incomeThe amount of income a consumer has available after purchasing essentials such as food and shelter. Further SuggestionsDiscretionary trustdiscretionary broker Nondiscretionary trust Fractional discretion order discretionary trust Discretionary cash flow Non Discretionary Proposal |
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