full trading authorization

Full trading authorization

Indication that a broker with a discretionary account can operate without obtaining prior consent to each trade from the client..

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Full Trading Authorization

An authorization by a client for the broker to make any trades on a discretionary account without conferring with the client. In other words, full trading authorization means that the client makes no demands on the broker's actions and the broker is bound only by the prudent person rule.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

full trading authorization

The allowance of full discretion to a broker or financial adviser trading in a particular account.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.