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Good till canceled

• Is an order which remains in effect until it is executed or canceled. The cancellation can be predetermined such as can in 2 months (giving a specific time) or left open and not specifying any time. However, many brokerage firms and traders may require ratification of all open orders at the end of the month or other time span of their choosing to minimize errors.

 
 Embedded terms in definition
 Open order
Order
Span
Time
Traders
 
 Related Terms
 Good 'til canceled
Good delivery
Good delivery and settlement procedures
Good funds
Good trader
Open good til cancelled order

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