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. Day Order

    An order to buy or sell a security that automatically expires ...
  2. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  3. Good This Month - GTM

    A limit order to buy or sell a security that remains in effect ...
  4. Market-With-Protection Order

    A type of market order that is canceled and re-submitted as a ...
  5. Open Order

    An order to buy or sell a security that remains in effect until ...
  6. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
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