OVER THE COUNTER Definition

Bookmark and Share

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.

Learn new Accounting Terms

ISSUE, in securities, is stock or bonds sold by a corporation or a government; or, the selling of new securities by a corporation or government through an underwriter or private placement.

REAL (REAIS) is a currency of Brazil.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.