over-the-counter medication

over-the-counter medication definition - business

over-the-counter medication

Nonprescription drugs such as Tylenol, Claritin, and generic formulations that can be purchased at many retail outlets, including discount stores. Over-the-counter medication is less expensive than prescription medication, but generally is not covered by insurance.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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