Good Till Canceled

An order placed with a broker meaning that it is good until either filled or canceled. In practice, this order has to be re-confirmed twice annually.

Good-Till-Cancelled (GTC) Order

A GTC order will remain in the system until the date that it is filled or until a maximum of 90 calendar days from date of entry, whichever happens first. This type of order is also referred to as an open order. A Participating Organization can cancel a GTC order at any time.

Good-Till-Date (GTD) Order

A GTD order will remain in the system until it is either filled or until the date specified, at which time it is automatically cancelled by the system. This is another kind of open order. A Participating Organization can cancel a GTD order at any time.

Goodwill

The amount of a company’s shareholder’s equity that exceeds the value of its hard assets. 

Gross Profit

Profit a company makes on goods and services before considering overhead expenses. Gross profit is sales minus cost of sales. 

Growth Stock

The shares of companies that have enjoyed better-than-average growth over recent years and are expected to continue their climb.