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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
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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On our leadership walk, we use Lee's discretionary order to help school leaders see the implications of discretionary directives.
A leadership walk across Gettysburg: school administrators find the ... by Millward, Robert E. / School Administrator
The Canadian Securities Commission would have jurisdiction to hear applications relating to contested take-over bids and certain discretionary orders, as is the case with the current provincial regulators.
Expert Panel On Canadian Securities Regulation Recommends A National ... by Mondaq Business Briefing
Some discretionary orders place restrictive terms to limit the amount of discretion the broker has.
Kicking discovery orders upstairs: you may not have to wait until the ... by Fluegel, Wil / Trial
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