An order that remains in effect until the end of the day is called a:

Question

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A day order is an order that remains in effect until the end of the trading day. It is automatically canceled if it is not executed by the end of the day. Good-until-canceled orders (A) remain in effect until they are executed or canceled by the investor, while limit orders (B) specify a maximum price to be paid or a minimum price to be received for a stock and may remain in effect for longer periods of time. Stop-loss orders (D) specify a certain price at which a stock should be sold to limit losses and may also remain in effect for longer periods of time.

An Order That Remains in Effect Until the End of the Day