👉 In finance, a "precanceled" transaction is one where an order has been placed but has not yet been processed or executed. When it comes to financial instruments and contracts, precanceled transactions are typically associated with options, futures, and swaps that have been settled but have not yet been transacted. For example, if you're buying a put option on stock XYZ, you would place an order for the purchase of XYZ's shares at a predetermined price. However, if you place your order to
