Meaning & use
good til canceled
Last updated
Meaning
adjectivebefore a nounfinancebusiness
Describing a buy or sell order that remains active until it is completed or the investor cancels it.
Grammar: Used before a noun: a GTC order. It can also stand alone after 'be': The order is GTC.
Patterns
- a good-til-canceled order
- be good til canceled
I placed a good-til-canceled order to buy the stock at $50.
A good-til-canceled order stays on the books for up to 90 days with some brokers.
She set a good-til-canceled sell order before going on vacation.
Common combinations
- good-til-canceled order
- He entered a good-til-canceled order to sell his shares.
- GTC order
- The abbreviation GTC stands for good til canceled.
- place a good-til-canceled order
- You can place a good-til-canceled order online.
- good-til-canceled basis
- The broker accepts orders on a good-til-canceled basis.
Synonyms and how they differ
- open order
- A general term for any order that has not yet been filled; 'good til canceled' specifically means it remains active until canceled.
- standing order
- Often used for regular payments, not for stock trades; 'good til canceled' is the usual term in trading.
Word family
- GTC abbreviation
- The common abbreviation for 'good til canceled'.
Commonly confused: good til canceled or good till cancelled?
good til canceled vs good till cancelled
This is the British spelling with double 'l'. The meaning is the same.
Practice
A good-til-canceled order ______.
Choose one answer.
The term means the order stays active until it is filled or you cancel it. Options about one day or automatic cancellation describe a day order, not a GTC order.
Make it your own
Write a sentence using “good til canceled”, then check it and compare it with the examples above.