discretionary order

discretionary order definition - finance
An order to purchase a stock, futures contract, or other investment that lets the broker determine at what price the order will be executed at and when it will be executed. The investor trusts the broker to find the best deal.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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