HomeDefinitionsCompareDebt Limited discretionThe financial definition for Limited discretion:Permission by a client that allows a broker to make certain stock and option trades without first consulting the client about the trade. Similar MatchesDiscretionDiscretionFreedom 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 1/8 or 1/4 point from the stated limit price to use his judgement in executing the order. Discretion can also be unlimited, as in the case of a market-not-held order. See also: Market Not Held Order. Discretionary cash flowDiscretionary cash flowCash flow that is available after the funding of all positive net present value (NPV) capital investment projects; it is available for paying cash dividends, repurchasing common stock, retiring debt, and so on. Discretionary incomeDiscretionary incomeThe amount of income a consumer has available after purchasing essentials such as food and shelter. Further SuggestionsDiscretionary PropositionDiscretionary reserves Discretionary trust Fractional discretion order Non Discretionary Proposal Nondiscretionary trust Click to compare definitions of Limited discretion Click to view definitions beginning li |