© 2015 Shmoop University, Inc. All rights reserved.

CHECK OUT SHMOOP'S FREE STUDY TOOLS: Essay Lab | Math Shack | Videos

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Discretionary Account

Definition:

An account where the fiduciary or manager of that account can do whatever she wants with it.

Advertisement