Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
over-the-counter
adj. 1. Not listed or traded on an organized securities exchange; traded between buyers and sellers who negotiate directly <over-the-counter stocks>. 2. (Of drugs) sold legally without a doctor's prescription < over-the-counter cough medicine>. - Abbr. OTC.
over-the-counter market
The market for securities that are not traded on an organized exchange. ( Over-the-counter (OTC) trading usu. occurs through telephone or computer negotiations between buyers and sellers. Many of the more actively traded OTC stocks are listed on NASDAQ. - Abbr. OTC market.