Open order (good-till-cancelled, GTC order)

Definition:

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

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Dedicated capital

Total par value (number of shares issued, multiplied by the par value of each share). Also called dedicated value.

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