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Good-This-Month Order |
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Good-this-Month order (GTM) An order to buy or sell securities that continues to be a valid order until the end of the current month. Good-This-Month Order An order to a broker to buy or sell a security at a certain price, with the order expiring at the end of the calendar month if that price does not become available. If the price does become available during that month, the order is executed. A GTM is similar to a day order, but it remains open for the remainder of the month, instead of the remainder of a day. See also: GTC.
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