- Finance designating or of securities sold by traders directly to buyers rather than on the floor of a stock exchange
- Pharmacy sold legally without prescription, as some drugs
- Not listed or available on an officially recognized stock exchange but traded in direct negotiation between buyers and sellers: over-the-counter stocks.
- Sold legally without a doctor's prescription: over-the-counter drugs.
- (pharmacy) Legal for sale or distribution without the requirement of a prescription (of medicine and other treatments); abbreviated as OTC.
- (finance) Direct interaction between two parties without an intermediary. Thus, any market where items such as stocks or currency are bought and sold at a distance, rather than on the exchange.
over-the-counter - Investment & Finance Definition
A trading market that isn’t part of an exchange or a formal, regulated market. The OTC market is unregulated, and parties interact directly with each other, creating transactions with terms that are mutually agreeable (as long as they are allowed by law). In the foreign exchange market, the OTC market also is called the inter-bank market.
over-the-counter - Medical Definition
adj. Abbr. OTC