bust

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Bust

1. The cancellation of an order to a broker after it has been executed. Busts usually occur if some error has been made.

2. A period of rapid decline for a security or market. A bust is associated with a bear market. See also: Boom-bust cycle.

bust

To cancel an order after it has been filled. In most cases, cancellation occurs only under unusual circumstances, such as an error or a misunderstanding. Also called break.