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TeachMeFinance.com - explain Discretionary order historic definition... Discretionary order -- An order given to a broker to execute in his discretion ; entrusting money to a broker to speculate with as he sees fit, but for the benefit or risk of the owner. For additional information see Discretionary account. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.