LIMITED DISCRETIONARY ACCOUNT
An account in which the client allows his or her broker to buy and sell securities on his/her behalf. The broker can make certain trades without prior consent from the investor. In order for this to take place, the investor needs to sign an agreement which allows the broker to make trades on behalf of the client and should coincide with the investor’s goals.
Also referred to as a "controlled account".
POPULAR TERMS
Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
POPULAR ARTICLE
SEE FOREX TUTORIAL
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“How does inflation affect my investments?”
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You concluded remodeling is expensive upon considering all important factors. So you decided to move to another house instead. But, is moving less ...
Ethical Investing: Leaving an Ethical Imprint
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A Guide to Income Tax: Overlooked Credits and Cuts
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