month order

Good-This-Month Order

An order to a broker to buy or sell a security at a certain price, with the order expiring at the end of the calendar month if that price does not become available. If the price does become available during that month, the order is executed. A GTM is similar to a day order, but it remains open for the remainder of the month, instead of the remainder of a day. See also: GTC.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

month order

A security order that, if it has not been executed, is automatically canceled at the end of the calendar month during which it is entered. Month orders are monitored by the brokerage firms handling the orders rather than by specialists on the floor of an exchange. Also called good-this-month 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.
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