Meaning OVER-THE-COUNTER (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 U.S. stocks. Antithesis of listed
More terms such as Over-the-counter (OTC) in Dictionary O.
- Definition Original Face Value:
- Examples The principal amount of a mortgage as of its issue date over-the-counter (otc) definition.
- Definition OM Stockholm AB:
- Examples The derivatives market of Sweden, trading a wide variety of interest rate and bond futures. The exchange trades futures and options on the OMX equity index over-the-counter (otc) explain.
- Definition Offer:
- Examples Indicates a willingness to sell at a given price. Related: Bid over-the-counter (otc) what is.
- Definition Original Issue Discount Debt (OID Debt):
- Examples Debt that is initially offered at a price below par over-the-counter (otc) meaning.
- Definition Offering Memorandum:
- Examples A document that outlines the terms of securities to be offered in a private placement over-the-counter (otc) abbreviation.
