Non discretionary account

• Is an account which the client makes all the trading decisions. However, the client may give very limited discretion to the broker or account executive. This limited discretion is in terms of price or time. However, an order as to whether to buy or sell, quantity and exact instrument is required to be given.

 Embedded terms in definition
 Account executive
 Related Terms

<< Non discretionary Non financial services >>

Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...

Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)


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