Dictionary
Thesaurus
Encyclopedia
Translator
Web
Related Searches
Nearby Words

cancel former order

 - 2 dictionary results
Financial Dictionary

Cancel Former Order - CFO

An order given by an investor instructing his/her broker to cancel a previously placed order.

Investopedia Commentary

CFO's are typically followed by new orders placed on the same securities. For example, if you placed a limit order to sell Cory's Tequila Corporation (CTC) at $15 and then decided that you wanted to sell it at market, then you would CFO your first order and enter in a new order to sell CTC at market.

If you change your mind about an order, CFO's are important to enter because you don't want to be transacting your securities twice.

Related Links

The Basics Of Order Entry

See also: Limit Order, Market Order, Order, Stop Order

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
Financial Dictionary

cancel former order

A customer order to a broker that cancels and replaces an earlier, unfilled order with a new order. For example, a customer may cancel a former limit order to buy stock at $15 per share and replace it with a market order.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Search another word or see cancel former order on Thesaurus | Reference
FacebookTwitterFollow us:
Partner Sites:
Ask AnswersEviteExpediaHotelsHotwireLife123LiveDailyMy Way