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 ?
Our model focuses instead on the credibility problems caused by discretional federal transfers to the partisan coalition.
Thus, whether or not they are permeated by the technical character of public administration, discretional acts by the administrativists are never outside of the rule of law.
In summary, it can be said that, according to legislations based on the irregular situation doctrine, the State centralized the decision-making power on the figure of the judge, with unlimited and discretional competence, practically without any legal limitations.
However, we acknowledge that the effective minimum wage rule of SR 3,000 a month for Saudis working in the private sector and increased hiring of Saudis will support retail spending, particularly in the discretional sector," said Farouk Miah, head of equity research at NCB Capital.
However, we acknowledge that the effective minimum wage rule of SR3,000 a month for Saudis working in the private sector and increased hiring of Saudis will support retail spending, particularly in the discretional sector.
And if their inconsistent treatment of their first-team and youth players says anything, it's that they can be discretional when it suits them.
As in any type of projection, some of the assumptions of the baseline scenario described above, though reasonable, are, to some extent, discretional.
The amendment to the Civil Procedure Code provided to courts a possibility to use discretional powers to impersonalize personal data of parties to proceedings if a court finds it necessary.
We need to have a thorough review to look at discretional selection policies and how we can improve that so there is more transparency for athletes," added Hunt.
In fact, as a sharp devaluation is a temporary circumscribed shock within a yearly period, the choice of the lag will be discretional, depending on which time of the year the devaluation occurs.
This was revealed by the latest arrest made in Tripoli, which highlights the extent to which the security apparatuses are monopolizing the decision making process and how discretional they are in implementing their decisions without informing the political authority that is responsible for the performance of these security apparatuses.
For inputs of discretional character, we used SPORTSPC, which is the per capita cost according to cost subfunction 452, including physical education, sports, and recreation.