GTC

Definition

Good Til Canceled. 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.

Use GTC in a sentence

You may want to try and make sure that the other party can not use GTC against you and put you in a bad spot.

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The contract was gtc, which meant that it would go on until the authority decided that they did not want it going on anymore.

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They placed the stock order and decided to have a GTC. They set a limit of 30 days and were hoping there asking price would be met before then.

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