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不才请教老师们些问题 各位朋友,请问下列名词作何解? (1) discretionary accouts 和nondiscretionary accounts (2)a long-cap income fund (3)sell-side analyst (4)the block-allocation policy及Members and candidates should develope a set of guiding principles that ensure fairness to advisory clients ,both in priority of execution of orders and in the allocation of the price obtained in execution on block orders of trades.(2006 Level 1 ,CFA协会指定教材,Volume1 P53) 两句中block作何解? 谢谢!

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关键词：Discretion ALLOCATION candidates Principles EXECUTION 请教 老师

(1) discretionary accouts 和nondiscretionary accounts 授权账户和非授权账户
(2)a long-cap income fund 长期资本收入基金
(3)sell-side analyst  卖方分析师
(4)the block-allocation policy 大宗交易分配原则

Members and candidates should develope a set of guiding principles that ensure fairness to advisory clients ,both in priority of execution of orders and in the allocation of the price obtained in execution on block orders of trades
这句里面的block和上面的block-allocation是一样的意思，black order和black trade都是指的大宗交易