controlled account

controlled account
An arrangement by which the holder of the account gives written power of attorney to another person, often his broker, to make trading decisions. Also known as a discretionary or managed account. Chicago Board of Trade glossary
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See discretionary account. The CENTER ONLINE Futures Glossary
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Any account for which trading is directed by someone other than the owner. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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