cancel order

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Cancel Order

An instruction from an investor to a broker to cancel a previously made order that has not yet been filled. Cancel orders 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 cancel order, especially when the replacement transaction involves the same security. Otherwise, the broker may fill both orders, perhaps resulting in a loss.

cancel order

A customer order to a broker that cancels an earlier, unfilled order given by the customer.
References in periodicals archive ?
Daghestani declined to say if other clients in the Middle East might also cancel orders.
One fifth of electrical retailers didn't think buyers had a right to cancel orders.
In early March,UPS was reported to be seeking to cancel orders for at least 20 of the A300-600 jetsworthabout pounds 1bn.
As a number of airlines cancel orders or defer delivery of some planes already ordered, Boeing is weighing production cuts for all its models.
Dell cannot be responsible for pricing or other errors, and reserves the right to cancel orders arising from such errors.
The Saudis reportedly threatened to cancel orders for Eurofighters if the inquiry over the Al Yamamah "slush fund" claims went on.
United Parcel Service is understood to want to cancel orders worth more than pounds 800mfor Airbus A300-600 aircraft.
Customers, in response, called to defer or cancel orders, further jeopardizing the business.
These factors include, but are not limited to, the possibility that customers will change, delay delivery, or cancel orders of our products; our ability to achieve expected customer benefits through our products' performance; and other factors more fully detailed in the company's annual report on Form 10-K for the year ended March 31, 2005, and other reports filed with the Securities and Exchange Commission.
ROLLS-ROYCE has dashed hopes for a return to growth next year after seeing customers delay or cancel orders due to worsening economic conditions.
After ordering more than 200 aircraft during an industry boom in 2007, DAE's leasing unit has been forced to cancel orders.
But market conditions forced the company to cancel almost half of its Airbus orders for A350s and A320s and cancel orders for 32 Boeing 737s.