Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,885,248,603 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Cancellation
(redirected from cancelation)

    Also found in: Dictionary/thesaurus, Legal 0.01 sec.
cancellation
A broker's notice to a customer that an erroneous trade credited to the customer has been voided. For example, if a brokerage firm mistakenly purchases 200 shares of stock for an account when the customer has entered an order for only 100 shares, the firm will send the customer a cancellation for the 200-share trade to void the original confirmation and then will send a new confirmation showing the correct trade.
Cancellation
A notice by a broker to a client that the broker has made a mistake and has taken steps to rectify it. For example, if a client makes an order to buy 1,000 shares and the broker mistakenly buys 2,000, he/she must sell the extra 1,000 shares and bear any losses himself/herself. Afterwards, the broker must inform the client of what has transpired and provide full documentation. This ensures that the broker simply made a mistake and was not trading maliciously or improperly.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
Spokesman Charlie Hobart said the move keeps delays and cancelations from spilling over into the next day.
Frontier, United cancel flights due to snow by Staff / AP Features
22 — the day after an FAA inspector discovered the use of the unapproved parts — causing flight delays and some cancelations.
Southwest gets more time to repair planes by DAVID KOENIG / AP News
The cancelation occurred during fueling earlier Tuesday but NASA's managers and engineers were trying to find out what was the problem with the valve which worked fine during a countdown 24 hours earlier, the paper noted.
Discovery Shuttle launch spoiled! by International Business Times - US ed.
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2010 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.