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 ?
New York/Chicago: The Basel Committee's (BCBS) proposal to apply higher capital charges for "unconditionally cancellable lines of credit" (UCCs) could impact internationally active US credit card banks CET1 ratios on average by 375 basis points, absent any remedial measures from affected institutions, says Fitch Ratings.
2- Biometric Transformations: This approach is based on the transformations of biometric features, where it is categorized into two ways: Bio-Hashing which is used an external key source (PIN or Password) and other functional parameter representation to generate Hash value of the biometric data, it stores the Hash value alone in the data base [11] [12] [13] and Non-invertible transformation [14] [15], such that no information can be revealed from the cancelable biometrics template, which is stored in databases for personal identification/verification, or using biometric data to transform its cancellable domain by polynomial functions and co-occurrence matrices[16].
Lee, "Cancellable biometrics and annotations on BioHash," Pattern Recognition, vol.