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Finance Glossary

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Good (Un)Til Cancelled. When a client places an order to buy or sell a security, they set limits around the order, either with a given price or a given minimum amount or something else. There must be a time axis placed on a good order as well, e.g., "this order is binding as long as you fill it by the end of the day; or the end of the month; or until I call you and cancel it."