Fractional Discretion Order

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Fractional Discretion Order

Definition: Fractional Discretion Order

Fractional Discretion Order
Cite Term
Sources

Full Definition of Fractional Discretion Order

Purchase or sell orders made on securities that allow a broker dealer’s discretion to be factored in by a fraction of a point. The broker dealer can alter the price in either direction as long as he or she stays within that fraction of a point. For example a price for a share may be issued at $100 with a 75 cent discretion, which gives the broker dealer the ability to accept $99.25 a share.

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/fractional-discretion-order/
Modern Language Association (MLA):
Fractional Discretion Order. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/fractional-discretion-order/.
Chicago Manual of Style (CMS):
Fractional Discretion Order. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/fractional-discretion-order/ (accessed: April 18, 2024).
American Psychological Association (APA):
Fractional Discretion Order. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/fractional-discretion-order/

Definition Sources

Definitions for Fractional Discretion Order 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: 20th November, 2021 | 0 Views.