What does GTC mean in MILITARY
GTC stands for Good Til Cancelled, meaning that an order is still in effect until the customer cancels it or all items referenced by the order are fulfilled. This term is commonly used in government contracting and other financial services to refer to a particular type of contract that stays active until one of the parties involved cancels it. As this type of agreement does not have an expiration date, it can last indefinitely or be canceled at any time. GTC orders are generally more expensive than other types of contracts as they offer a higher level of security in terms of timing and cost, and they may also include additional terms such as payment schedules.
GTC meaning in Military in Governmental
GTC mostly used in an acronym Military in Category Governmental that means Good Til Cancelled
Shorthand: GTC,
Full Form: Good Til Cancelled
For more information of "Good Til Cancelled", see the section below.
» Governmental » Military
Explanation
In government contracting, GTC is often used to indicate a long-term agreement between two parties that will stay valid until both sides agree to either end the contract or alter its terms in some way. This provides both parties with greater flexibility when needed, allowing them to make changes without having to start over from scratch with a new agreement. It also gives buyers more confidence that their suppliers will be around for years to come since there won't be an expiration date on their contract. GTC orders often come with additional requirements such as payment schedules or fixed prices, which provide further protection against price changes over time.
Essential Questions and Answers on Good Til Cancelled in "GOVERNMENTAL»MILITARY"
What is GTC?
GTC stands for "Good Til Cancelled" and is a type of transaction order in which the specified transaction is placed until it is either a) completed or b) cancelled. It can be used to buy or sell stock, exchange traded funds (ETFs), options, mutual funds, and other securities.
When does a GTC order expire?
A GTC order will remain open until it is either executed or cancelled by the investor. There is no expiration date associated with this type of order.
How long can I hold a GTC order?
A GTC order remains active on the books indefinitely unless it is cancelled by the investor at any time.
Can I modify a GTC order after it has been placed?
Yes, you can modify your GTC orders after they have been placed as long as they are still active on the book. This includes changing the price, quantity, and other details about the current trade.
Is there a fee for placing a GTC order?
Most brokers will charge a commission when executing an order; however, there may be additional fees associated with placing and keeping an open GTC order depending on your broker's terms and conditions. It's important to consult your broker before placing any type of trade.
Are there any risks associated with using GTC orders?
Yes, just like with any trading strategy there are inherent risks associated with using this type of transaction. Primarily, these risks come from market volatility that can significantly affect prices and make them more unpredictable than usual. As such investors should consider their risk tolerance before utilizing any trading strategy or instrument.
What types of securities can be traded using GTC orders?
Good til canceled orders are used for buying or selling stocks, ETFs, options, mutual funds, and other securities that are available on exchanges or through online brokers.
Is it better to use market orders over limit orders when dealing with volatile markets?
Generally speaking market orders are better suited for fast-moving markets where prices may fluctuate quickly from moment to moment; however limit orders provide more control over entry and exit points which makes them preferable when volatility isn't as much of an issue. Ultimately it comes down to deciding what kind of risk an investor is comfortable taking when selecting their ordering strategy.
Is there anything I should remember when canceling my GTC trades?
Yes, before canceling your trades you should always double-check your brokerage account records to ensure that all outstanding positions have been closed out properly without leaving any lingering effects due to fees or partial executions that may be charged for not fulfilling an entire transaction request at once.
Final Words:
Overall, GTC stands for Good Til Cancelled and is a type of agreement that can remain valid indefinitely until one of the parties involved decides to terminate it. This type of contract offers greater control and security over long-term financial arrangements while still providing flexibility when necessary. Due to its added costs and requirements, GTC agreements may only be applicable in certain situations - but when needed, they can save businesses money in the long run by preventing unexpected cost adjustments due to fluctuating market rates or changing business conditions.
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