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Wealth Management Glossary

DTC Death Taxes Deduction Defeasible Deferred Annuity Defined Contribution Plan Depreciation Direct Skip Disbursement Discount Broker Discretionary Account Dispositive Provisions Distribution Diversification Dividend Domicile Donee/Donor Dow Jones Industrial Average Duration

Discretionary Account An account of a customer which gives the manager (broker, trust department) the authority to make buy and sell decisions on the customer's behalf.

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