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
Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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