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

Fully depreciated

An asset that has already been charged with the maximum amount of depreciation allowed by the IRS for accounting purposes.

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