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 ?
The election to one seat was countermanded after the death of a candidate.
Because he noticed that Sison would agree to one thing, and then would change his mind the next day, as if his position were being countermanded by the CPP/NPA/NDF on the ground.
The Israeli newspaper Haaretz, citing sources at the Prime Minister's office, claim that Netanyahu had countermanded a specific Foreign Ministry recommendation against the move.
President Ahmadi-nejad's attempt to get rid of Intelligence Minister Heydar Moslehi, countermanded by Supreme Leader Ali Khamenehi, appears to have given a big boost to opponents of the president.
The Maoists have launched three waves of protests and strikes since May when Prachanda resigned as prime minister after President Ram Baran Yadav countermanded his order to sack the country's army chief.
Gertrude Parish in Chicago, who said that if George countermanded any recommendation by the archdiocesan review board to remove an accused priest, "that doesn't need an apology, that needs a resignation."
President Gerald Ford signed an order prohibiting foreign assassinations 25 years ago, but that could be countermanded by any subsequent presidential order.
"I then tried to talk to him and found he had countermanded my instructions and was on his way to go on holiday.
And what happened when McFarlane told Reagan that his presidential order, approved at a White House meeting, had been countermanded by Weinberger?
By an order countermanded too late, Cordelia is hanged in prison and Lear, broken - hearted, dies soon after.
One Rajya Sabha election and 3 Assembly elections have been countermanded in the past.
The election in Bengaluru's Raja Rajeshwari (RR) Nagar seat was postponed to May 28 while it was countermanded in Jayanagar segment due to the death of BJP candidate and MLA BN Vijaya Kumar on May 4.