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 ?
Rumi (2014) empirically studies discretional transfers by the national government to Argentine provinces over the 1984-2003 period.
In this sense, although modern administrative agents are very tolerant in terms of this category and affirm that administrative law is discretional, the characteristic is more strongly related to the technical features or expertise of executive power, than to the subjectivity expressed by legal theory.
The discretional analysis phase implies the elaboration of the organizational diagram and map of processes, construction of the recursion-function matrix, analysis of recursions, and identification of critical recursions (Figure 5).
"Given that sporting goods is largely discretional spending, sales are generally tied to the overall health of the economy and consumer confidence.
Central venous catheter discretional. Hadimioglu (11) --Total daily urinary Immunosuppression: volume.
Why do some national governments, such as Cameroon, use cunning to exploit natural resources by developing private agenda opportunities based on discretional land allocations, patronage and rent seeking behaviour?
(60) Thus regardless of whether or not it did in fact represent values reflected in the rules, section 6 encouraged a broadly discretional approach to choice of law that completely undermined any sense that the area was governed by rules.
Mahmoud Al-Tarori said the court has rejected the candidates' complaints before, always citing the judicial council's discretional power in making appointments.
The results of discretional statistics of research variables showed that potassium isotope in sampling regions has average amount of 794.57, median 812, mode 634, SD 128.04, variance 16395.2, minimum 634 and maximum 984 kebrel per kilogram.
This, in turn, stimulates them to strive to maintain this identity through engaging in discretional behavior.