What is the definition of Good-till-cancelled order? | Dictionary.net

GOOD-TILL-CANCELLED ORDER

\ɡˈʊdtˈɪlkˈansə͡ld ˈɔːdə], \ɡˈʊdtˈɪlkˈansə‍ld ˈɔːdə], \ɡ_ˈʊ_d_t_ˈɪ_l_k_ˈa_n_s_əl_d ˈɔː_d_ə]\

Definitions of GOOD-TILL-CANCELLED ORDER

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

Customer-to-broker buy or sell order that stays open at a specified price and order terms until (1) the order is executed, (2) or cancelled by the customer, (3) or expires after a designated time.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Snake's-head

Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.

View More

Nearby Words