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TeachMeFinance.com All Or None (AON) -- In investment banking, it is the conferment upon an issuer of the option to call off the entire issue in case the underwriting is not completely subscribed. In securities transactions, it is an injunction against any incomplete purchases and sales. Nevertheless, if a transaction is made partially, the specification is not immediately annulled unless the order is marked FOK, i.e. Fill Or Kill. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.