discretionary
Definition
Not mandatory; up to the individual. The term usually refers to a discretionary account which is a brokerage account in which the client has given the broker the authority to carry out transactions without checking with the client first.
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Related terms:
all or any part, limited discretionary account, managed account, nondiscretionary trust
'discretionary' appears in these other terms:
discretionary expense, discretionary order, discretionary account, consumer discretionary, discretionary trust, discretionary income
'discretionary' appears in the definitions of these other terms on BusinessDictionary.com: discretionary cost, discretionary expenditure, exposure limit, managed cost, oppression, and 
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