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.)

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.
References in periodicals archive ?
Closing Date: Open until filled. Starting date: July 1, 2010.
The position is open until filled, but time is of the essence.
The advertisement posted on the university's Web site, for a coach who "coordinates the offense and/or coaches the quarterback position," said the job is "open until filled" and doesn't list a specific closing date.
This position will remain open until filled. The state of Vermont is an equal opportunity/affirmative action employer.

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