DISCRETIONARY ACT

discretionary act.A deed involving an exercise of personal judgment and conscience. — Also termed discretionary function. See DISCRETION; ABUSE OF DISCRETION . [Blacks Law 8th]

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DISCRETIONARY ACCOUNT

discretionary  account.An  account  that  allows  a  broker  access  to  a  customer’s  funds  to purchase and sell securities or commodities for the customer based on the broker’s judgment and without first having to obtain the customer’s consent to the purchase or sale. [Cases: Brokers    19. C.J.S. Brokers §§ 5, 25–26, 50, 56–57, 59.] [Blacks Law 8th]

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DISCRETIONARY

discretionary (di-skresh-<<schwa>>-ner-ee), adj. (Of an act or duty) involving an exercise of judgment and choice, not an implementation of a hard-and-fast rule. • Such an act by a court may be overturned only after a showing of abuse of discretion. [Blacks Law 8th]

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DISCRETION

discretion (di-skresh-<<schwa>>n).1. Wise conduct and management; cautious discernment; prudence. 2. Individual judgment; the power of free decision-making. sole  discretion.An  individual’s  power  to  make  decisions  without  anyone  else’s  advice  or 3.Criminal  &  tort  law.  The  capacity  to  distinguish  between  right  and  wrong,  sufficient  to make a person responsible for his or her own actions. [Cases: Criminal…

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