Discretion

• Discretionary orders are those where a broker has some latitude in working the order on behalf of a client, without their express permission for each individual order decision or detail. • Discretion most commonly accompanies conditional orders such as setting the limit price in response to changing market conditions. • Discretionary orders are also a key component of discretionary investment management, whereby a broker or advisor trades on behalf of a client without getting their input on every action. • Discretionary orders relieve the broker from responsibility for potential losses that their client may suffer, so long as they are using their discretion with the aim of best execution. Understanding Discretionary Order More broadly, a discretionary order is one where a broker or other financial markets professional can place and work an order without explicit acknowledgment from the customer. These orders can broaden the specification of standard types of conditional orders to give an order a higher likelihood of execution. Additionally, discretionary orders help to improve the chances of order execution while still also allowing the investor to place certain conditional constraints. In a discretionary sell limit order, an investor would specify an above-market price for execution. This investor would also specify a discretionary amount with their order. If an investor places a sell order at $24 on a stock currently trading at $22 with a 10 cent discretionary amount, ...

DISCRETION IN DECISION MAKING Discretion is the power or right to make official decisions using reason and judgment to choose from among acceptable alternatives. Legislatures, the president and the governors of the various states, trial and appellate judges, and administrative agencies are among the public officers and offices charged with making discretionary decisions in the discharge of public duties. All discretionary decisions made are subject to some kind of review and are also subject to reversal or modification if there has been an abuse of discretion. An abuse of discretion occurs when a decision is not an acceptable alternative. The decision may be unacceptable because it is logically unsound, because it is arbitrary and clearly not supported by the facts at hand, or because it is explicitly prohibited by a statute or rule of law. Discretion in decision making can be viewed from the perspective of the flexibility and choices granted to the decision maker based on the decision being made. Only the Constitution, through judicial enforcement, can limit discretionary decision making by legislative bodies to pass laws. Great flexibility is granted to the executive branch in the area of foreign relations decision making. Statutes and prior judicial decisions limit the flexibility and discretion of a judge in a court of law. Moreover, Congress has granted broad decision-making authority to administrative agencies and their administrators, giving them great flexibility t...

Most relevant • attention • foresight • maturity • prudence • responsibility • tact • vigilance • wisdom • acumen • calculation • care • carefulness • chariness • circumspection • concern • considerateness • consideration • deliberation • diplomacy • discernment • discrimination • forethought • gumption • heed • heedfulness • judiciousness • observation • perspicacity • precaution • providence • sagacity • sense • shrewdness • solicitude • thoughtfulness • wariness • warning • watchfulness • canniness • good sense • presence of mind Compare Synonyms

He ordered the militiamen to be called up from the villages and armed, and wrote a letter to the commander-in- chief informing him that he had resolved to remain at Bald Hills to the last extremity and to defend it, leaving to the commander-in-chief's discretion to take measures or not for the defense of Bald Hills, where one of Russia's oldest generals would be captured or killed, and he announced to his household that he would remain at Bald Hills. The law has allowed the Federal census office in its discretion to compile and publish the birth statistics of divisions in which they are accurately kept; one Federal report on the statistics of marriages and divorces throughout the country from 1867 to 1886 inclusive was published in 1889, and a second for the succeeding twenty-year period was published in part in 1908; an annual volume gives the statistics of deaths for about half the population of the country, including all the states and cities which have approximately complete records of deaths; Federal agencies like the bureau of labour and the bureau of corporations have been created for the purpose of gathering certain social and industrial statistics, and the bureau of the census has been made a permanent statistical office. If upon such inspection the meat, &c., appears to be diseased, unsound or unwholesome, it may be taken before a justice for the purpose of being condemned, and the person to whom the meat, &c., belongs or in whose possession it was found is liabl...

He believes officers should use their discretion when dealing with speeding offences. What discretion do local authorities have in devising their allocations schemes? As to the second point, is there a live question of discretion in this application? This was because the disposition and armament of the armed forces had been for centuries in the exclusive discretion of the Crown. In those cases they must use their own judgement, relying on their own personal moral compass and using their own discretion. But, remember, the amount of weight you lose is entirely at your own discretion and you can join in or drop out of the campaign at any time. A number of factors will be taken into account in deciding whether to exercise the discretion. The granting of such consent shall be at the sole and absolute discretion of each of the parties. That is always a difficult task for an authority, because it is left with discretion. So I take it that Labour will support this bill so that the police don't have to exercise that discretion. Refunds for late cancellations will be at the discretion of the organisers. Women still buy sanitary towels with enormous discretion, and carry their handbags to the loo when they only need to carry the pad. It would be a just exercise of discretion to award them compensation for the sites acquired. The committee will use its discretion in deciding whether to grant permission or not. But officers can use their discretion to deal with drivers who they conside...

/dɪˈskrɛʃɪnɛri/ Discretionary means it's up to you to decide. Bathing regularly is a discretionary act, so you can opt not to do it if you want; note, however, that your friends might disagree with us on this. Discretionary is often used to describe money that isn’t designated for a particular purpose. It’s up to the people in charge to decide how discretionary funds should be spent. Discretionary comes from the word discretion, which can be used to mean “the right to decide something based on one’s own judgment.” If you're given a task to complete at your discretion, you can decide how you want to do it — or whether you want to do it at all. IXL Comprehensive K-12 personalized learning Rosetta Stone Immersive learning for 25 languages Wyzant Trusted tutors for 300 subjects Education.com 35,000 worksheets, games, and lesson plans TPT Marketplace for millions of educator-created resources ABCya Fun educational games for kids SpanishDict Spanish-English dictionary, translator, and learning Emmersion Fast and accurate language certification Copyright © 2023 Vocabulary.com, Inc., a division of IXL Learning • All Rights Reserved. • Log Out • My Learning • My Proficiency Report • My Profile • Schools & Teachers • My Classes • My SAT Roadmap • My TOEFL Roadmap • My ACT Roadmap • My GRE Roadmap • Assignments & Activities • My Lists • Find a List to Learn... • Create a New List... • My Progress • Words I'm Learning • My Trouble Words • Words I've Mastered • My Achievements • User A...

Extra Examples • ‘Do you want me to do the job myself or hire a photographer?’ ‘I'll leave it to your discretion.’ • Judges should be given more discretion over sentencing. • She has considerable discretion as to how the money is spent. • The courts exercise discretion in the area of minor traffic violations. • The president used his executive discretion to pardon the two men. • The school governors have absolute discretion over which pupils they admit. • They give themselves complete discretion as to what information they will hand out. • They would like local authorities to be given greater discretion as to how the money is spent. • We have discretion about how much to charge. Oxford Collocations Dictionary adjective • broad • considerable • full • … verb + discretion • have • exercise • use • … preposition • at somebody’s discretion • discretion about • discretion as to • … phrases • an abuse of discretion • the exercise of discretion • leave something to somebody’s (own) discretion • … See care in what you say or do, in order to keep something secret or to avoid causing difficulty for somebody or making them feel embarrassed; the quality of being discreet • This is confidential, but I know that I can rely on your discretion. • Jane is the soul of discretion (= you can trust her). • Use the utmost discretion when you talk to her. compare indiscretion

Though it is worth noting that to live in a place where other people come just for pleasure has the odd effect of making me feel transient, while the visitors seem more fixed and permanent in their lives, coming as they do from more conventional homes far away. It is as if I am always waiting for them and am here at their discretion. — Richard Ford, Wall Street Journal, 14-15 June 2008 Recent Examples on the Web The auditor’s review of the bureau’s surveillance tools, published in April of last year, found the bureau lacked proper guidelines for officers when using surveillance technology, resulting in officers gathering and keeping information based on their own discretion. — oregonlive, 9 June 2023 The law leaves much of the discretion to the courts and the prosecutors. — Ralph Chapoco, al, 8 June 2023 For years there was a kind of unwritten old-money code of discretion. — William Cohan, Town & Country, 7 June 2023 That discretion is what ultimately earns the film the right to its cliffhanger. — Lauren Puckett-pope, ELLE, 3 June 2023 Aniah’s Law give judges discretion to deny bond to defendants accused of violent crimes, according to the state attorney general’s office. — Chris Boyette, CNN, 25 Apr. 2023 And most people who are immune-compromised can choose another bivalent booster shot at least two months later, with additional doses in the future at the discretion of their physician. — Lauran Neergaard, BostonGlobe.com, 18 Apr. 2023 But these Eagles have waded through ...