Good through/until date order

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Good through/until date order

Used in the context of general equities. Market or limited price order that remains viable for a stated period of time unless cancelled, executed, or changed, after which such order or the portion thereof not executed is to be treated as cancelled.

Good Through/Until Date Order

An order to a broker to buy or sell a security at a certain price whenever that price becomes available at any time before a certain date. Such an order stands indefinitely until either the security is bought or sold at the specified price or the expiration date is met, or the investor cancels the order. The order may be partially filled; that is, if the expiration date passes, any part of the order filled remains filled while the rest is cancelled. Most good-'til-cancelled orders are in fact good-through-date orders because they generally expire 30 to 60 days after they are made, if they have not been filled, unless the investor reiterates them. See also: FOK, IOC, open order.