Discretion

(redirected from discretionally)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms.
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 ?
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.
First of all, if the supervisor can discretionally manage liquidity, the risk of moral hazard in supervised banks can increase (19) (moral hazard risk).
podcasts made available for discretionally use, not informed by a learning task).
In fact, providing a justification and legitimizing the possibility for the courts to behave more or less rigidly or flexibly--in fact discretionally ("without the court being obliged to justify" at 938)--according to the needs of specific cases.
This size limit was selected discretionally to exclude companies with less developed business structures and organisation (1).