What is the meaning of Open order (good-till-cancelled, GTC order)?

Order to buy or sell a security that stays active until it is completed or the investor cancels it.

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APABarry Goldsmith. (2010). open order (good-till-cancelled, gtc order). Retrieved October 1, 2026, from http://smartdefine.org/open_order_(good-till-cancelled%2C_gtc_order)/definitions/1159691
ChicagoBarry Goldsmith. 2010. "open order (good-till-cancelled, gtc order)" http://smartdefine.org/open_order_(good-till-cancelled%2C_gtc_order)/definitions/1159691 (accessed October 1, 2026).
HarvardBarry Goldsmith 2010, open order (good-till-cancelled, gtc order), Smart Define, viewed 1 October, 2026, <http://smartdefine.org/open_order_(good-till-cancelled%2C_gtc_order)/definitions/1159691>.
MLABarry Goldsmith. "open order (good-till-cancelled, gtc order)" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/open_order_(good-till-cancelled%2C_gtc_order)/definitions/1159691>