one cancels the other (OCO) order

Definition of "one cancels the other (OCO) order"
  1. A pair of deals, usually labeled as limit orders, in which the completion of one order results in the automatic cancellation of the second order
How to use "one cancels the other (OCO) order" in a sentence
  1. An investor placed a one cancels the other (OCO) order to manage their investments.
  2. To minimize potential loss, a one cancels the other (OCO) order was employed.
  3. A one cancels the other (OCO) order ensures that only one of two orders can be executed.

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