CFO

See Chief Financial Officer.

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Cancel Former Order

An instruction from an investor to a broker to cancel a previously made order that has not yet been filled. A CFO is are made when an investor changes his/her mind about making a transaction and decides to make a different one or none at all. It is important to issue a CFO, especially when the replacement transaction involves the same security. Otherwise, the broker may fill both orders, perhaps resulting in a loss.

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Chief Financial Officer

In a corporation, the official charged with overseeing all financial matters. The CFO is the equivalent of a treasurer: he/she is responsible for ensuring the long-term financial health of the corporation. This includes mundane matters like signing checks and record keeping, but the CFO is also head of financial forecasting, budgeting, and managing the company's financial risk. The CFO is often a member of the board of directors, and reports to the CEO. In the United States, it is common for CFOs to have an MBA degree, but not necessarily a professional designation like CPA or CFA.