over-the-counter

over-the-counter
over the counter ( OTC)
Purchases and sales of financial instruments that do not take place in organized exchanges such as the New York Stock Exchange or the Chicago Board of Trade are termed over the counter. The phrase may be used as a noun to describe capital markets other than organized exchanges. The phrase may also be used as an adjective to describe instruments not traded on an organized exchange, such as over-the-counter derivatives. American Banker Glossary
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( OTC)
A decentralized market (as opposed to an exchange market) where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. The Nasdaq market is an OTC market for US stocks. Antithesis of listed. Bloomberg Financial Dictionary
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( OTC)
Not traded on an exchange. The benefit of this is that the contract can be tailored to meet the investor's own particular requirements. In contrast, exchange traded products are standardised but offer greater liquidity. A major OTC market is the foreign exchange market, where banks trade directly with each other rather than through an exchange. Dresdner Kleinwort Wasserstein financial glossary
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( OTC) Euroclear Clearing and Settlement glossary
Market outside an organised exchange in which transactions are conducted through a telephone or computer network connecting the different market participants. Euroclear Clearing and Settlement glossary
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over-the-counter ( OTC)
In the US, a market where small capitalisation stocks (and some large capitalisation stocks as well), shell companies, inactively traded and unregistered stocks trade. The pink sheets and the OTC Bulletin Board (OTCBB) are the only places left in the US where unregistered stocks trade.
See also pink sheets Exchange Handbook Glossary
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See OTC LIFFE

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over-the-counter UK US /ˌəʊvəðəˈkaʊntər/ adjective (ABBREVIATION OTC)
► FINANCE, STOCK MARKET used to describe shares that are bought and sold directly using a computer system, rather than on a stock market: over-the-counter shares/securities/options »

Brokers can use the system to look up prices or enter quotes for over-the-counter securities.

 »

Over-the-counter trading of Malaysian issues continued to be active.

► COMMERCE available to buy from a store without a prescription (= written instruction from a doctor): over-the-counter drug/medicine/product »

Strong sales of prescription and over-the-counter drugs helped boost the company's profits.


Financial and business terms. 2012.

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Look at other dictionaries:

  • over-the-counter — adj. 1. able to be sold legally without a doctor s prescription; of medicinal drugs. Contrasted with {prescription}. [prenominal] Syn: nonprescription(prenominal). [WordNet 1.5] 2. (Finance) not quoted on a stock exchange; sold only through… …   The Collaborative International Dictionary of English

  • Over-the-counter — Over the counter, also known as OTC, may refer to: *Over the counter drug medicine that may be sold without a prescription and without a visit to a medical professional, in contrast to prescription drugs. *Over the counter (finance), financial… …   Wikipedia

  • Over the counter — Counter Coun ter, n. [OE. countour, OF. contouer, comptouer, F. comptoir, LL. computatorium, prop., a computing place, place of accounts, fr. L. computare. See {Count}, v. t.] A table or board on which money is counted and over which business is… …   The Collaborative International Dictionary of English

  • over-the-counter — adjective Date: 1921 1. not traded or effected on an organized securities exchange < over the counter transactions > < over the counter securities > 2. sold lawfully without prescription < an over the counter pain reliever > …   New Collegiate Dictionary

  • Over The Counter — La negociación Over The Counter (OTC) negocia instrumentos financieros (acciones, bonos, materias primas, swaps o derivados de crédito) directamente entre dos partes. Este tipo de negociación se realiza fuera del ámbito de los mercados… …   Wikipedia Español

  • over-the-counter — /oh veuhr dheuh kown teuhr/, adj. 1. unlisted on or not part of an organized securities exchange: over the counter stocks; the over the counter market. Abbr.: OTC 2. Pharm. sold legally without a doctor s prescription: over the counter drugs.… …   Universalium

  • over the counter — phrasal 1. in or through a broker s office rather than through a stock exchange < stock bought over the counter > 2. without a prescription < drugs available over the counter > …   New Collegiate Dictionary

  • Over The Counter — De gré à gré L expression de gré à gré signifie à l amiable, d un commun accord. Une transaction de gré à gré est une transaction entre deux parties libres de contracter et normalement informées (notamment en immobilier). Elle est à l opposée d… …   Wikipédia en Français

  • over the counter — 1. not transacted through an organized securities exchange; directly to the buyer or from the seller: He sold his stocks over the counter. 2. Pharm. without a doctor s prescription but within the law. [1870 75] * * * …   Universalium

  • Over-the-Counter — Der OTC Handel, auch außerbörslicher Handel, bezeichnet finanzielle Transaktionen zwischen Finanzmarkt Teilnehmern, die nicht über die Börse abgewickelt werden. OTC steht dabei für den englischen Begriff „Over The Counter”, was mit „über den… …   Deutsch Wikipedia

  • Over-the-counter — Der OTC Handel, auch außerbörslicher Handel, bezeichnet finanzielle Transaktionen zwischen Finanzmarkt Teilnehmern, die nicht über die Börse abgewickelt werden. OTC steht dabei für den englischen Begriff „Over The Counter”, was mit „über den… …   Deutsch Wikipedia

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