cancel order

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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 ?
Brainprints, on the other hand, are potentially cancellable.
The deductibles are much higher (than cancellable policies), which keeps the insured's skin in the game and everyone honest.
The company has also entered into an interest rate swap, cancellable without penalty after September 2012, swapping the LIBOR exposure on the term loan under the new senior facility to a fixed rate to maturity obligation of 1.
The contract is annually cancellable on 1 January, subject to six months' notice.
Duration of contract: 60 months, cancellable every 12 months~ notice of 3 months.
com Person, Lifetime Accident & Sickness, Loan Protection, Mortgage, Mortgage Rider, Own Occupation, Renewable-- Guaranteed, Renewable--non- cancellable, Senior Market, Small Office, Home Office, Worksite Products GROUP: Disability Genworth Financial, Inc.