good-till-canceled order


Also found in: Dictionary, Legal.
Related to good-till-canceled order: market order, Day order

good-till-canceled order (GTC)

An order either to buy or to sell a security that remains in effect until it is canceled by the customer or until it is executed by the broker. Also called open order.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.