Good 'Til Cancelled
Encyclopedia
In investment
, a Good ’Til Cancelled (GTC) order is an order to buy or sell a security which remains in effect until executed or canceled.
In other words, a GTC order will continue indefinitely until the specified parameters are met, whilst a normal day order would cancel automatically after the market closes, requiring the investor to make a new order the next day if desired.
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
, a Good ’Til Cancelled (GTC) order is an order to buy or sell a security which remains in effect until executed or canceled.
In other words, a GTC order will continue indefinitely until the specified parameters are met, whilst a normal day order would cancel automatically after the market closes, requiring the investor to make a new order the next day if desired.