|
|
Limited discretion |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Limited discretionPermission by a client that allows a broker to make certain stock and option trades without first consulting the client about the trade.Limited discretion Similar MatchesDiscretionary licensingDiscretionary licensingSee licensing. Discretionary incomeDiscretionary incomeThe amount of income a consumer has available after purchasing essentials such as food and shelter. Discretionary trustDiscretionary trustA private trust which empowers trustees to use their discretion in distributing funds to beneficiaries. Typically set up for children, and often designed so that trustees can decide not to pay money out to children who are not responsible enough to handle the money. Discretionary brokerDiscretionary brokerA broker who not only deals in stocks and shares on behalf of his client, but who also makes the decisions about what should be bought and sold for the portfolio and has authority to execute those decisions without getting prior approval from the client. Also known as a full-service account.Contrast with advisory brokers and execution-only brokers.The website of The Association of Private Client Investment Managers and Stockbrokers- http://www.apcims.co.uk - provides a list of brokers and the services which they offer. Fractional discretion orderFractional discretion orderA type of order that gives the broker discretion to alter the price, up or down, within a specific fractional range in order to guarantee an execution. Further SuggestionsDiscretionary reservesNondiscretionary trust Discretionary cash flow Non Discretionary Proposal Discretion Discretionary trust Discretionary Proposition |
|
|
|