A good 'til cancelled order is a market order.

Name: A good 'til cancelled order is a market order.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A good 'til cancelled order is not necessarily a market order. It is simply an order to buy or sell a security at a specified price that remains in effect until it is either executed or cancelled by the investor. The type of order (market, limit, etc.) would need to be specified when placing the good 'til cancelled order.

A Good 'Til Cancelled Order Is a Market Order