Over-the-counter (O.T.C.)
A decentralized market (as opposed to an exchange market) where geographically dispersed dealers are linked together by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. The N.A.S.D.A.Q. market is an O.T.C. market for U.S. stocks. Antithesis of listed. | ||||
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