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Cancellation
(redirected from cancelations)

    Also found in: Dictionary/thesaurus, Legal 0.01 sec.
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.
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.
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and confirmed the firm hasn't seen any cancelations in the backlog.
Renewable energy markets sentiment picking up in U.S., China: Vestas ... by International Business Times - US ed.
Summary: Despite the many cancelations of New Year's concerts in various Arab capitals, there are news of large number of artists that went ahead with hosting live concerts for the occasion Despite the many cancelations of New Year's concerts in various Arab capitals, there are news of large number of artists that went ahead with hosting live concerts for the occasion.
Carole Samaha celebrates in Syria by Albawaba.com
Byline: Art Wilson Staff Writer ARCADIA -- Having already been forced to cancel an unprecedented three consecutive days of racing earlier this month, Santa Anita could be looking at more cancelations beginning today as heavy rains moved into the Southland on Wednesday.
BRACING FOR CANCELATIONS by Daily News (Los Angeles, CA)
 
 
 
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