OVERTHECOUNTER

Over-the-counter

Over-the-counter or off-exchange trading is done directly between two parties, without any supervision of an exchange. It is contrasted with exchange trading, which occurs via these facilities. An exchange has the benefit of facilitating liquidity, mitigates all credit risk concerning the default of one party in the transaction, provides transparency, and maintains the current market price. In an OTC trade, the price is not necessarily made public information.

The above text is a snippet from Wikipedia: Over-the-counter (finance)
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over the counter

Adverb

  1. Through direct trade; outside a standard stock exchange.
  2. (able to be obtained) without a doctor's prescription.
  3. Legitimately (as opposed to under the counter).


The above text is a snippet from Wiktionary: over the counter
and as such is available under the Creative Commons Attribution/Share-Alike License.

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