Good 'til cancelled order

(redirected from Open Until Filled)
Also found in: Acronyms.

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 ?
The deadline for submitting completed applications -- including a one-page cover letter and a letter of recommendation -- is Friday, March 28, although some counties will have jobs open until filled.
The position will remain open until filled, though candidates are encouraged to apply by January 15, 2008.
Completed applications should be returned by Friday, April 29, 2005, although some counties will have jobs open until filled.

Full browser ?