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Immediate or canceled order (IOC order)
The financial definition for Immediate or canceled order (IOC order):
Market or Market that is to be Market
in whole or in part as soon as such order is represented in theMarket. The portion not executed is to be treated as Market
A Market is considered an execution in
this context. See: Market,
Market.
Similar MatchesImmediate payment annuityImmediate payment annuity An annuity contract paid by a single payment and with a specified payment plan the starts immediately after the contract is purchased.
Immediate settlementImmediate settlement Delivery and settlement of securities within five business days.
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