cancel order

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Related to countermand: obviate, insist, acquainted, vacillate, anticipating, Garnishee order

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 ?
Later, it was learned that he took refuge in the Nicaraguan Embassy in Caracas from where he unsuccessfully petitioned the Tribunal Supremo de Justicia (TSJ) to countermand his arrest warrant on grounds that it violated his human rights.
One of the oddest provisions of the law is that the Fed cannot countermand a ruling issued by the SEC it disagrees with, but it can sue the SEC in the Court of Appeals for the District of Columbia.
Spring dwells on the logic of real property law, arguing that it worked systematically to exclude aristocratic women; she sees common law as more generous to heiresses than real property law, which, in her view, developed to countermand that generosity.
However, a few days later his decision was reversed by a presidential countermand.
This time frame has necessitated the development of "Long Term Strategies" (LTS) to countermand associated technology concerns with availability and obsolescence.
The Brownies' Book frankly sought to countermand white supremacy, and succeeded to some extent, but not before it inspired participants in the Harlem Renaissance.
Here, if Congress authorizes federally paid abortions, how can an Executive Order constitutionally countermand that law?
And North East Assembly leaders fear the agency could countermand its plans for the region.
Sillman's low-key manner and the fact that she's as funny as she is melancholy countermand the viewer's vague sense that the big issues (life cycles, human connections to earth ,and cosmos) are being addressed.
But in the South, after the Civil War and Reconstruction, legal codes were crafted to countermand the 14th and 15th amendments, which gave blacks equal protection under the law and gave black men the right to vote.
The probation officer does not have the authority to countermand the court's authority,'' Rochman said.