Discretionary account

Definition:

Account over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Net present value of growth opportunities

A model valuing a firm in which net present value of new investment opportunities is explicitly examined.

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