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.
Related information about discretionary:
- discretionary - The Free Dictionary
dis·cre·tion·ar·y (d -skr sh -n r ). adj. 1. Left to or regulated by one's own discretion or judgment. 2. Available for use as needed or desired: a discretionary fund.
- Discretionary - Merriam-Webster Online
left to discretion : exercised at one's own discretion. 2. : available for discretionary use <discretionary purchasing power>. See discretionary defined for ...
- Discretionary | Define Discretionary at Dictionary.com
for any use or purpose one chooses; not earmarked for a particular purpose: discretionary income; a discretionary fund. Relevant Questions. What Are ...
- Discretionary spending - Wikipedia, the free encyclopedia
Discretionary spending is a spending category through which governments can spend through an appropriations bill. This spending is optional as part of fiscal ...
- Disposable and discretionary income - Wikipedia, the free ...
Disposable and discretionary income. From Wikipedia, the free encyclopedia. Jump to: navigation, search. "Disposable income" redirects here. For the album by ...
- Discretionary trust - Wikipedia, the free encyclopedia
A discretionary trust in Canadian and English trusts law is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are ...
- discretionary - Wiktionary
discretionary (comparative more discretionary, superlative most discretionary). Available at one's discretion; able to be used as one chooses; left to or regulated ...
- Discretionary Income Definition | Investopedia
The amount of an individual's income that is left for spending, investing or saving after taxes and personal necessities (such as food, shelter, and clothing) have ...