Time In Force


DEFINITION of 'Time In Force'

A special instruction used when placing a trade to indicate how long an order will remain active before it is executed or expires. Time-in-force options allow traders to be more specific about the time parameters in which an order is activated. This is especially important for active traders.


Time-in-force options will depend on your broker. Most often, they include options such as day order, good 'till canceled, fill or kill, etc. For example, a day order, as the name implies, is valid for the current trading day. Good 'till canceled orders, on the other hand, will remain live until they are canceled.

  1. Day Order

    An order to buy or sell a security that automatically expires ...
  2. Active Investing

    An investment strategy involving ongoing buying and selling actions ...
  3. Broker

    1. An individual or firm that charges a fee or commission for ...
  4. Good 'Til Canceled - GTC

    An order to buy or sell a security at a set price that is active ...
  5. All Or None - AON

    A condition used on a buy or sell order to instruct the broker ...
  6. Fill Or Kill - FOK

    A type of time-in-force designation used in securities trading ...
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