CANCEL FORMER ORDER - CFO
An deal from the person who invest to a broker, to removed and call off the order that was placed earlier that has not yet been recorded. CFO or Cancel former order is used by an investor who has changed his or her decision regarding a securities deal that has not yet been performed or carry over and hopes to alter one or more of the order parameters, such as amount or price. By calling off the past order, a cancel former order guarantees that no order multiplication will happen if the client makes a new order for the similar security.
POPULAR TERMS
Proved Reserves
It refers to the amount of resources that can be recovered from the deposit with a reasonable certainty level.
Cumulative Discount Privilege
In mutual fund, a way an investor can become eligible for lower fees by getting the sum of multiple transactions in several funds within the same f ...
Commercial Hedger
Companies purchasing futures positions in commodities to control its costs. When used in creating a product or service, corporations can hedge to r ...
Hurdle Rate
The minimum rate of return required by a manager on a project. The riskier the project, the higher the hurdle rate.
Sensex
Sensex is the abbreviation for the index of the Bombay Stock Exchange (BSE) that is the Bombay Sensitive Index. In 1986, the Sensex was initially c ...
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