FT MarketWatch

Good Til Canceled

GTC. An Order to Buy or Sell which remains in effect until it is either executed or canceled (although brokers usually set a limit of 30 to 60 days, after which the Broker will automatically Cancel it or Ask the Customer if he/she wants to keep it active). also called Open order.

Related Terms: 11 Ask, Buy, Broker, Call, Cancel, Customer, ECU, Open order, Order, Open, Sell
Other Related Pages: Category: Trading Starting With: G
Additional Related Terms: 10-K, 30-day wash rule, Active asset, Active account, Automatic Clearing House, Automatic Funds Transfer, Accrual of discount, Active management, After-tax basis, Amortization of premium