Canceled Order


DEFINITION of 'Canceled Order'

1. A previously submitted order to purchase or sell a security that is canceled before it has been executed on an exchange.

2. An order that can't be executed due to parameter limitations, such as a limit order that can't be filled because the price has moved outside of range.

BREAKING DOWN 'Canceled Order'

Most equity orders (especially market orders) are executed so fast today that canceling them before execution may not be possible despite the investor's efforts. Limit orders that are outside of the current stock price can usually be canceled online or by calling the broker directly. Other order types that can quickly become canceled orders are "all-or-none" orders and "fill or kill" orders.

  1. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  2. Fill Or Kill - FOK

    A type of time-in-force designation used in securities trading ...
  3. All Or None - AON

    A condition used on a buy or sell order to instruct the broker ...
  4. Market Order

    An order that an investor makes through a broker or brokerage ...
  5. Good 'Til Canceled - GTC

    An order to buy or sell a security at a set price that is active ...
  6. At The Lowest Possible Price

    A type of security trading designation that instructs a brokerage ...
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