All Or None (AON) Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: All Or None (AON)

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All Or None (AON)

Investment banking: an offering giving the issuer the right to cancel the whole issue if the underwriting is not fully subscribed.
Securities: buy or sell order marked to signify that no partial transaction is to be executed. The order will not automatically be canceled, however, if a complete transaction is not executed; to accomplish that, the order entry must be marked FOK, meaning Fill Or Kill .

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