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Discretion
(redirected from discretional)

   Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Wikipedia 0.03 sec.
Discretion
Freedom 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 some distance from the stated limit price to use his judgment 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.

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6, 2002, she filed a grievance after being told she was not eligible to receive 100 per cent of her salary while on leave studying but the CSC would give her a discretional allowance of 50%.
 
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