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 ?
Interestingly, for many companies, the cancellable product still makes sense.
is the holding company for several insurance subsidiaries including The Paul Revere Life Insurance Company, the leading individual non cancellable disability income insurer in the United States and Canada.
is the holding company for several insurance subsidiaries, including The Paul Revere Life Insurance Company, the leading individual non- cancellable disability income insurer in the United States and Canada.
Strategic alliance agreements are generally cancellable by either party with thirty days advance written notice.
Through the agreement, Paul Revere will provide and service a line of individual non- cancellable disability income products for distribution by nearly 500 Penn Mutual insurance agents.
Exact revenues to be derived from the total backlog can only be calculated following the completion of work, and some contracts are cancellable by customers.
The mining lease is cancellable by Royal Gold at any time.