Dictionary of Business Terms: Good-Till-Canceled Order (GTC)
Good-Till-Canceled Order (GTC)
brokerage customer's order to buy or sell a security, usually at a particular price, that remains in effect until executed or canceled.
Dictionary of Finance and Investment Terms: Good-Till-Canceled Order (GTC)
Good-Till-Canceled Order (GTC)
brokerage customer's order to buy or sell a security, usually at a particular price, that remains in effect until executed or canceled. If the GTC order remains unfilled after a long period of time, a broker will usually periodically confirm that the customer still wants the transaction to occur if the stock reaches the target price.
