How Do You Spell GOOD TILL CANCELED ORDER?

Pronunciation: [ɡˈʊd tˈɪl kˈansə͡ld ˈɔːdə] (IPA)

The spelling of "good till canceled order" can be explained using IPA phonetic transcription. The first word, "good", is spelled as /ɡʊd/, with a short "u" sound and a "d" at the end. "Till" is spelled as /tɪl/, with a short "i" sound and a "l" at the end. "Canceled" is spelled as /ˈkænsəld/, with a short "a" sound, an "s" in the middle, and a "d" at the end. "Order" is spelled as /ˈɔrdər/, with a short "o" sound, an "r" in the middle, and a "r" at the end.

GOOD TILL CANCELED ORDER Meaning and Definition

  1. A "good till canceled order" (GTC order) is a type of instruction given to a broker by an investor to buy or sell a security at a specified price that remains active until either the order is executed or the investor cancels it. This order type is often used by investors who want to set a particular price at which they are willing to buy or sell a security and are not concerned about the duration of the order.

    In practical terms, a good till canceled order remains in effect until it is filled by a broker or until the investor cancels it. The order stays active across multiple trading sessions, meaning it can be executed at any time during regular market hours. This feature differentiates it from other order types that have a limited lifespan, such as "day orders" that are automatically canceled if not executed on the day they are placed.

    Good till canceled orders are commonly used when investors have a specific target price in mind and are willing to wait for the market to reach that level. This order type can provide investors with more control over their trading strategy, as it allows them to set a precise entry or exit point in the market and eliminates the need for continuous monitoring of price movements.

Common Misspellings for GOOD TILL CANCELED ORDER

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Plural form of GOOD TILL CANCELED ORDER is GOOD TILL CANCELED ORDERS

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