limited discretion

Limited discretion

Permission by a client that allows a broker to make certain stock and option trades without first consulting the client about the trade.

Limited Discretion

Permission from an investor giving his/her broker the ability to make some investment decisions on a brokerage account without consulting the investor. Such decisions must be made in accordance with the customer's stated investment goals. This contrasts with a discretionary account, which gives the broker much more independence. Limited discretion is also called limited trading authorization.

limited discretion

The authority given a broker to make certain investment decisions without first getting in touch with the investor. The investor must sign a written agreement providing the broker with limited discretion. Also called limited trading authorization.
References in periodicals archive ?
Even Singapore has provided limited discretion for judges.
FASB has a draft list of indicators to describe the barriers; for example, if an NFP group must perform a measurable task, such as erecting a building or creating a scholarship, the organization has limited discretion about how the money can be spent.
Yet the Corps is not alone in aggressively eschewing discretion, as the Environmental Protection Agency, Navy, Bureau of Land Management, Interstate Commerce Commission, Department of Agriculture, Federal Emergency Management Agency, Bureau of Reclamation, Coast Guard, and a host of other federal agencies have also insisted they have no or limited discretion over particular actions within their jurisdiction.
Neither ACICS nor the SDO may submit any new information for the Secretary's consideration, although the Secretary has some limited discretion to consider information not previously included in the record.
However, during the 1950s, his growing realization that the Federal Reserve System was culpable in both initiating the Great Depression with its policy tightening in 1928 and 1929 and deepening the Depression with its policies after 1929, led him to favor a rule that limited discretion.
First, there are "shall-issue" states, in which authorities have limited discretion to reject an individual for a concealed carry permit based on the criteria provided in the application.
There is only limited discretion for multiple fines on the same journey - as drivers complained that after passing one enforcement camera entering a bus only zone they had to pass another to get out.
Limit discretion in pricing or underwriting, and ensure that such limited discretion is exercised.
221) Also notable, and discussed in more detail below, certain courts, particularly the Tenth Circuit, have limited discretion as to new arguments on appeal to plain error review.
Paragraph 53(1)(b) of the Immigration Act gave the minister limited discretion to deport refugees in circumstances where they faced the possibility of torture.
This Chapter concludes by proposing that ff EPA were to undertake ESA consultation in its oversight role of state-issued permits, the constraints from EPA's limited discretion in the permit transfer decision would be avoided, and better species protections would result.

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