Good 'til cancelled order

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Good 'til cancelled order (GTC)

An order to buy or sell stock that is good until the client executes or cancels 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.)
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Good 'Til Cancelled Order

An order to a broker to buy or sell a security at a certain price whenever that price becomes available. Theoretically, such an order is standing indefinitely until either the security is bought or sold at the specified price or the investor cancels the order. In practice, GTCs generally expire 30-60 days after they are made if they have not been filled, unless the investor reiterates them. A GTC is also known as an open order.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in classic literature ?
So they go on; Deputy, as a rear rank one, taking open order, and invading the silence of the hour and place by stoning every wall, post, pillar, and other inanimate object, by the deserted way.
This was doubtless attributable to the fact, that during nearly a hundred years of existence the said toes never had been subjected to any artificial confinement, and in their old age, being averse to close neighbourhood, bid one another keep open order.
Therefore the Mavericks lay down in open order on the brow of a hill to watch the play till their call should come.
Akoustis announced it has received a new production order and has shipped the first of four open orders to its defense customer for 3.8 GHz XBAW filters, with the next two orders expected to ship in the current quarter.
Open orders per day of 8,339 for the first quarter versus 9,475 open orders per day for the first quarter of 2015
30, and fulfill our commitments on open orders, after which we will begin the shutdown," says Danny Strachan, regional vice president of PrimeSource Canada.
Designed with an easy-to-navigate user interface, the new online platform offers a wide range of benefits to existing Sun Chemical customers, including the ability to view order history, reorder products from a personalized product catalog, and check the shipment status of open orders.
Operators pick from one active carousel while the others are pre-positioning to be picked the moment the operator is ready, increasing the number of open orders that can be handled.
Once positive patient ID is performed, the phlebotomist then reviews open orders, container and test information, and draws the specimen(s) accordingly.
Users can easily retrieve quotes, access open orders, and confirm order status, tracking and history.