Akademik

See good till cancelled ( or good-till-cancelled)

————

( good 'til cancelled order)

An order to buy or sell stock that is good until you execute or cancel it. Brokerages usually set a limit of 30-60 days, at which the G.T.C. order expires if not restated. (Different from a day order)

————

Good 'til cancelled, an order type. An order which, if not filled on the day it was received, is carried forward indefinitely until it is either traded or cancelled by the customer. Contrast with a GD order, where the order must be filled the same day or is cancelled. Dresdner Kleinwort Wasserstein financial glossary

   Good Till Cancelled. A limit order that remains valid until the limit is reached and the order is executed, or until the order is cancelled.