ShmoopTube
Where Monty Python meets your 10th grade teacher.
Search Thousands of Shmoop Videos
Managed Funds Videos 236 videos
What is the Efficient Markets Theory? The Efficient Markets Theory says that stocks trade at their fair value all of the time, assuming all informa...
What is a Fund of Funds? A fund of funds is a mutual fund strategy that invests in other funds rather than investing in stocks or bonds. The underl...
What is Collateralized Mortgage Obligation (CMO)? A CMO is a mortgage bond that consists of a large number of different individual mortgages bundle...
Finance: What is Good 'Til Canceled (GTC)? 2 Views
Share It!
Description:
What is Good ‘Til Cancelled (GTC)? GTC orders are trade orders that may be filled at any time unless the investor cancels it. Good til cancelled orders are different from day orders that must be filled by market close otherwise they are cancelled; these are only cancelled if the investor decides to do so.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Bonds
- Terms and Concepts / Derivatives
- Terms and Concepts / Investing
- Terms and Concepts / Managed Funds
- Terms and Concepts / Stocks
- Terms and Concepts / Trading
Transcript
- 00:00
Finance a la shmoop what is good til' cancelled or GTC? well it's a way in
- 00:09
which securities buy and sell orders are placed like i'll buy 10,000 shares of
- 00:15
coke at $42 a share and this order is GTC ie it's good or effective or living [Man holding stocks of coca cola]
- 00:22
until I tell you otherwise or cancel it got it could this order sit on the books
- 00:27
of a brokerage at Goldman or Morgan or Fidelity or another broker for 8 months
Full Transcript
- 00:32
before executing sure sure it could if it isn't cancelled then it's effective
- 00:37
and it sits around waiting for that shoulder tap to finally get on the stock [Person taps on a mans shoulder]
- 00:42
conveyor belt and get on getting on being sold and that's it good til'
- 00:46
cancel just think Futurama it was good real good until it was cancelled and now [Man watching futurama]
- 00:51
it exists only in the pasturama...
Related Videos
GED Social Studies 1.1 Civics and Government
What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...
How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...