Akademik

discretion

Freedom given to the floor broker by an investor to use his judgment regarding the execution of an order. Discretion can be limited, as in the case of a limit order that gives the floor broker some distance from the stated limit price to use his judgment in executing the order. Discretion can also be unlimited, as in the case of a market-not-held order. Bloomberg Financial Dictionary

See also: Market Not Held order. Bloomberg Financial Dictionary

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discretion di‧scre‧tion [dɪˈskreʆn] noun [uncountable]

the ability, right, or freedom that someone has to take decisions in a particular situation:

• The licensee is supposed to have complete discretion over how the station is operated.

• People want to have more discretion over their working hours.

discretion at somebody's discretion

• Your overdraft may be increased at the discretion of the bank.

discretion to

• The Commission has the discretion to conduct an investigation.

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discretion UK US /dɪˈskreʃ^ən/ noun [U]

► the right to choose something, or to choose to do something, according to what seems most suitable in a particular situation: at sb's discretion/at the discretion of sb »Payment in lieu of notice to redundant workers is at the company's discretion.
exercise/use (your) discretion »Economic and institutional constraints can make it difficult for senior managers to exercise discretion in their decisions.
leave it (up) to sb's discretion/leave it (up) to the discretion of sb »Top-up insurance cover is left to the discretion of individuals and firms.
»Bankruptcy managers have discretion to decide disputes.
»broad/complete/considerable discretion
»Sales staff were given discretion to offer customers a 10% discount.

Financial and business terms. 2012.