ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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OVER THE COUNTER Definition
OVER THE COUNTER (OTC) is a U.S. market for securities that are not listed on an exchange. Security orders are transacted via telephone and a computer network that connect dealers. As opposed to the NYSE, which is an auction market, the OTC is a negotiated market. OTC dealers may either act either as principals or as agents for customers. The OTC market is regulated by the NASD.
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TOBIN RATIO see MARKET TO BOOK VALUE.
IMPAIRED GOODWILL is the recognition of the reduction in value of the intangible asset known as goodwill.