Discretionary

Business, Legal & Accounting Glossary

Definition: Discretionary


Discretionary

Quick Summary of Discretionary


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.




Examples of Discretionary in a sentence


I liked the discretionary warning before the movie because it gave it a little extra horror that it needed to be great.

The discretionary choice of the individual was a pivotal decision for the life of the company as we wanted the contract.

When I placed my yearly bonus with my stockbroker, I made clear the money was discretionary and he could invest it how he saw fit.


Related Phrases


autonomous consumption
nondiscretionary trust
master fund
tight
all or any part
discretionary ARM
currency board
discretionary client
managed account
limited discretionary account
non-discretionary accrual
consumer discretionary
discretionary proposition
non-discretionary
discretionary income
discretionary ARM
discretionary account
discretionary order
discretionary expense


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/discretionary/
Modern Language Association (MLA):
Discretionary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/discretionary/.
Chicago Manual of Style (CMS):
Discretionary. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/discretionary/ (accessed: March 29, 2024).
American Psychological Association (APA):
Discretionary. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/discretionary/

Definition Sources


Definitions for Discretionary are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th October, 2021 | 0 Views.