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| Definitions by InvestorWords.com |
| What is...? |
| GTC (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. see also day order, fill or kill. |
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