Discretion

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Related to discretionally: discrete, discretionarily

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 ?
The modification of the CB's Law of 2012 entitles the Board of Directors to discretionally determine the level 'freely available reserves'.
However, the Minister may discretionally reject an application for renunciation where at the time of lodgement Australia is engaged in a war.
He says that conditional registration, a provision of the Federal Insecticide, Fungicide and Rodenticide Act that allows the EPA to discretionally admit various pesticides to market in the absence of certain data, is at the heart of the issue.
An analytical-transversal study design was employed (Kelsey, Thompson, & Evans, 1986) to discretionally target five hundred individuals from two of the five New York City boroughs (Bronx 48.4% and Manhattan with 27.2%) with the most significant percentage of Hispanic residents (US Census Bureau, 2010).
In order to restore retirees' purchasing power, pensions were adjusted discretionally during 2003-2008.
(17) However, non-tariff barriers often persist, and when opaque and discretionally applied, can dampen trade even more than tariffs.
The major critique formulated regarding the responsibility to protect doctrine was related to power disequilibrium, which allows major powers discretionally decide whether and where to intervene.
Thus, even when language provides a wide range of conventional expressions and structures to mark transitional spaces in oral narratives, speakers show individual preferences towards a number of them, which they feel free to combine discretionally. As this work shows, narrators design their own strategies and choose an expression that is not ordinarily used as a marker in this type of discourse in order to fulfil their main purpose in delivering the stories: to direct the listener's attention through their different mental spaces and create a bridge of empathy and understanding with their audience.
First of all, if the supervisor can discretionally manage liquidity, the risk of moral hazard in supervised banks can increase (19) (moral hazard risk).
We sought to understand patterns of use when podcasts are tightly integrated (i.e., tasks designed that require listening to podcasts) with curriculum and when loosely integrated (i.e., podcasts made available for discretionally use, not informed by a learning task).