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Cancel Order

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
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.


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Under the initial contracts Germany, France, Britain, Spain, Turkey, Belgium and Luxembourg had until April 1 to cancel orders because of the delays, but Airbus negotiated a three-month extension to present a new delivery timetable.
Daghestani declined to say if other clients in the Middle East might also cancel orders.
The group, meanwhile, said that the high oil price could force airlines to delay or even cancel orders.
 
 
 
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