discretionary account

noun

1. an account in which the stockbroker is allowed complete control over the purchase and sale of securities on the customer's behalf.

Word History and Origins

Origin of discretionary account¹

First recorded in 1915–20

Example Sentences

Through an affiliated private foundation, Parsons-Hietikko was granted access to a discretionary account that was created with the “express purpose” of paying for “expenses, such as alcohol” that would not be allowable under NIH rules, according to the government’s complaint.

From Washington Post

It was shortly after Caruso took over that a whistleblower came forward to report a suspicious $100,000 donation from Ridley-Thomas that was deposited into Flynn’s discretionary account.

From Los Angeles Times

Congress already approved funding this year for about 75 percent of the government’s discretionary account for the budget year that began Oct.

From Washington Times

Congress already approved funding this year for about 75% of the government’s discretionary account for the budget year that began 1 October.

From The Guardian

A school spokesman said the money came from Anderson’s discretionary account with the University of Maryland College Park Foundation.

From Washington Post