Discretion

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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.

Discretion

The ability to make decisions on one's own without the need to consult others. For example, a discretionary account gives a broker the right to make significant investment decisions without permission from or even consultation with the account's owner. Likewise, certain investments give an investor more discretion than others. An option contract allows but does not require the holder to buy (or sell) the underlying, while a futures contract requires the exchange to take place.
References in periodicals archive ?
"For years, we have heard the frustration from women who have had to make a trade-off between bladder leak protection or feminine underwear that makes them feel beautiful and confident," said Deborah Brundage, Always Discreet associate brand director at P&G.
And, from what you've said, she's not really being that discreet.
Always Discreet earned the Good Housekeeping Seal and was named Product of the Year in the bladder protection category.
Discreet Cat started the 11/8 second favourite but finished last of the seven runners.
"Having researched the members of this panel I am not happy that Welsh interests are adequately covered by the existing membership and so I call for that discreet Welsh voice," she said.
“We pride ourselves on providing customers with low prices because vaporizing isn't just a leisurely type of activity, it is a lifestyle change for people who want to be discreet while vaporizing,” Yu says.
According to the maker, a discreet mount that can raise and lower with a simple touch means that one display can be used for a wide variety of applications, without impinging on the available space.
Called the PowerFlask, the case has a flask's distinctive curve, for discreet pocket storage, and leather trim with red stitching.
THE DISCREET CHARM OF THE BOURGEOISIE (15) Verdict: HHHHH SOONER or later, most of us become victims of Hollywood's basic instinct to earn a few dollars more.
Throw in Algorithms' Todd Pletchertrained stablemate Discreet Dancer, who broke the track record at Gulfstream on his debut, and the $400,000 event has all the makings of a red-hot contest, despite its status as a Grade 2 trial for the $1m Florida Derby on March 31.
YOU COULDN'T MAKE IT UP A SEX shop has had to install a discreet side entrance after its punters were loudly cheered by drinkers in the pub opposite.
However, the singer wishes that she had decided on more "discreet" tattoos, and has advised her fans to fully consider the implications of body art before it is too late.