Expunge(redirected from expunct)
Also found in: Dictionary, Thesaurus, Legal.
Used in the context of general equities. Remove any trace of an Auto indication's existence at any time. See: Cancel.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved