Discretionary
41discretionary account — An arrangement by which the holder of the account gives written power of attorney to another person, often his broker, to make trading decisions. Also known as a controlled or managed account. Chicago Board of Trade glossary An arrangement in… …
42Discretionary account — Accounts over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control. The New York Times Financial Glossary * * * discretionary account discretionary account ➔… …
43discretionary trust — In the context of mutual funds, refers to a mutual fund or unit trust whose management decides on the best way to use the assets without restriction to a specific type of security. Bloomberg Financial Dictionary In the context of trusts, refers… …
44Discretionary Expense — A discretionary expense is a cost which is not essential for the operation of a home or a business. For example, a business may allow employees to charge certain meal and entertainment costs to the company in order to promote goodwill with… …
45discretionary income — The amount of income a consumer has available after purchasing essentials such as food and shelter. Bloomberg Financial Dictionary * * * discretionary income discretionary income ➔ income * * * discretionary income UK US noun [U] ECONOMICS,… …
46Discretionary deposit — A discretionary deposit is the term given to a device by medieval European bankers as a method of circumventing Catholic canon law edicts prohibiting the sin of usury. At the time, most Christian nations heavily incorporated Biblical scripture… …
47Discretionary spending — Part of a series on Government Public finance File:Governmentbhj,i,gu Vedder Highsmith detail 1.jpeg …
48discretionary order — A type of buy order or sell order that gives the broker the freedom and power to make the execution at any time and price that is seen fit and reasonable, given the investor s goals. Bloomberg Financial Dictionary * * * discretionary order… …
49discretionary spending — noun a) The amount or portion of a persons or groups expenditures which is used for non essential or voluntary disbursements; the amount or portion of ones expenditures which one may make as one sees fit. In this scenario discretionary spending… …
50Discretionary ARM — An adjustable rate mortgage on which the lender has the right to change the interest rate at any time, by any amount, subject only to the borrower being given a certain period advanced notice. This differs from a more structured adjustable rate… …
