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]