discretionary account

American  

noun

1. an account in which the stockbroker is allowed complete control over the purchase and sale of securities on the customer's behalf.

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Etymology

Origin of discretionary account

First recorded in 1915–20

Example Sentences

It was shortly after Caruso took over that a whistleblower came forward to report a suspicious $100,000 donation from Ridley-Thomas that was deposited into Flynn’s discretionary account.

From Los Angeles Times • Sep. 7, 2022

Congress already approved funding this year for about 75 percent of the government’s discretionary account for the budget year that began Oct.

From Washington Times • Dec. 18, 2018

Yaroslavsky, well-known as a music lover, used his $1-million discretionary account for Los Angeles Opera.

From Los Angeles Times • Jun. 25, 2014

We had one discretionary account that was not in the syndicate.

From The Romance and Tragedy by Russell, William Ingraham