Cancel Order

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Definition: Cancel Order

Cancel Order
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Full Definition of Cancel Order

An instruction by a customer to his/her broker to not carry out an order that he or she had placed earlier. A cancel order can only be placed in cases where the earlier order has not been executed. Further, if the broker has already submitted the order to a specialist or market maker at an exchange, then there might be a time lag (usually very small) in reaching the cancel order to the specialist or market maker, and the order might be executed before the customer’s instruction to cancel is received by the specialist or market maker.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cancel-order/
Modern Language Association (MLA):
Cancel Order. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/cancel-order/.
Chicago Manual of Style (CMS):
Cancel Order. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cancel-order/ (accessed: April 19, 2024).
American Psychological Association (APA):
Cancel Order. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cancel-order/

Definition Sources

Definitions for Cancel Order are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.