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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.