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Expunge
(redirected from expunctions)

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Expunge
Used in the context of general equities. Remove any trace of an Auto indication's existence at any time. See: Cancel.

Expunge
On AUTEX, to cancel an order such that it leaves no record either on the electronic board or in the historical archives of the board. A straight cancellation leaves a record in the archives of AUTEX, which may not be desirable for some traders who do not wish other traders to know that they were once interested in a certain transaction. Expunging the order removes this risk. See also: Cancel.


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However, expunctions are only granted in a very limited number of cases and usually are associated with dismissals and an otherwise clean record.
As with criminal expunctions, copies of the court records already exist in an unknown number of private databases, where records are hard to find and tedious to change.
 
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