A discretionary account refers to an arrangement by which the holder of the account gives written power of attorney to another person, often his/her broker, to make trading decisions. Also known as a controlled or managed account. Discretionary also is a term used to describe a money manager's style of trading. Discretionary trading generally involves a money managers' analysis of fundamental factors to make trading decisions, rather than a reliance on technical analysis.

The client delegates decision making to a third party, eg discretionary portfolio management or discretionary stock lending (undertaken by the global custodian).

Is an order which given a client gives to the broker. The discretion is in terms of price or time and not in terms of buy or sell, instrument or quantity.

Not mandatory, up to the individual.

Spending that has not been promised to an individual, and that is not already obligated (such as mandatory and debt). In theory, at least, Congress could start with a clean slate of discretionary spending each year, and decide what is most important to buy or invest in with that portion of the budget.

Left to discretion; unrestrained except by discretion or judgment; as, an ambassador with discretionary powers.

having or using the ability to act or decide according to your own discretion or judgment; "The commission has discretionary power to award extra funds"

A type of appellate jurisdiction. The West Virginia Supreme Court of Appeals has “discretionary” jurisdiction because it may choose to hear an appeal or may refuse to hear it.

The LEA or School has the choice whether or not to do something.

The employer has the option of making contributions to the plan at his choice regardless of the profit level of the corporation that year.

(In contrast with nondiscretionary.) Controls on access to an object that may be changed by the creator of the object.

(especially of funds) not earmarked; available for use as needed; "discretionary funds"; "discretionary income"