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Discretionary Order

   Also found in: Legal 0.01 sec.
Discretionary order
A type of buy order or sell order that gives the broker the freedom and power to make the execution at any time and price that is seen fit and reasonable, given the investor's goals.

Discretionary Order
An order to buy or sell a security where the broker has the ability to decide when is the best time and price at which to execute the order, in accordance with the client's investment goals and the prudent person rule.

discretionary order
A customer order to a broker giving the broker discretion in the buying and selling of securities. Depending on the customer's instructions, the amount of discretion may vary from very limited (that is, price only) to nearly complete.


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Although Lee's real intent was for Ewell to continue his attack and to sweep the Yankees from Cemetery Ridge south of town, Ewell's interpretation of Lee's discretionary order may have been the difference between victory for the South and the defeat of the North.
12) The second is to seek entry of an appellate court's discretionary order for leave to take an interlocutory appeal.
Cole includes everything from changes in the Chain of Command, the arrival of lesser commands, communication styles, insufficient instructions, discretionary orders, the disregarding of orders, failed notifications, communication cutoffs, and so much more.
 
 
 
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