What does over-the-counter mean?
Definitions for over-the-counter
over-the-counter
This dictionary definitions page includes all the possible meanings, example usage and translations of the word over-the-counter.
Princeton's WordNet
nonprescription(a), over-the-counter(a)adjective
purchasable without a doctor's prescription
"nonprescription drugs"; "an over-the-counter cold remedy"
over-the-counter, otcadjective
(of securities) not traded on a stock exchange
"over-the-counter stocks"
Wiktionary
over-the-counteradjective
Legal for sale or distribution without the requirement of a prescription (of medicine and other treatments); abbreviated as OTC.
over-the-counteradjective
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.
Etymology: over + the + counter
ChatGPT
over-the-counter
Over-the-counter, often abbreviated as OTC, can refer to: 1. A type of transaction that occurs directly between two parties, without the supervision of a regulated exchange. This can involve securities, derivatives, or commodities trading. 2. Medications or products that can be bought without a prescription in pharmacies or drug stores. These items are deemed safe for self-use with limited supervision from a healthcare professional. Context generally determined which definition is being used.
Wikidata
Over-the-counter
Over-the-counter or off-exchange trading is done directly between two parties, without any supervision of an exchange. It is contrasted with exchange trading, which occurs via these facilities. An exchange has the benefit of facilitating liquidity, mitigates all credit risk concerning the default of one party in the transaction, provides transparency, and maintains the current market price. In an OTC trade, the price is not necessarily made public information. OTC trading, as well as exchange trading, occurs with commodities, financial instruments, and derivatives of such. Products traded on the exchange must be well standardized. This means that exchanged deliverables match a narrow range of quantity, quality, and identity which is defined by the exchange and identical to all transactions of that product. This is necessary for there to be transparency in trading. The OTC market does not have this limitation. They may agree on an unusual quantity, for example. In OTC market contracts are bilateral, each party could have credit risk concerns with respect to the other party. OTC derivative market is significant in some asset classes: interest rate, foreign exchange, equities, and commodities.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of over-the-counter in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of over-the-counter in Pythagorean Numerology is: 9
Examples of over-the-counter in a Sentence
The shots had stopped so he decided to rush the gunman, actually wrestled that assault rifle away, tossed it over the counter and, at that point, the gunman fled.
Please if you are stung or your kid is stung get to the ER and let them treat you, i can assure you, we didn’t realize he had been stung so many times (the entire site was on fire and then went numb) and normal over-the-counter Benadryl would not have treated this at home.
If prescribed by an eye care professional and used as directed, most of these lenses are relatively harmless, the most devastating damage occurs when someone gets these lenses over-the-counter for cosmetic use and abuses the lens. This behavior can lead to severe eye infections that may cause blindness.
He saw the gunman looking at his rifle. At that point, the shots had stopped. So he decided to rush the gunman, actually wrestled that assault rifle away, tossed it over the counter. At that point, the gunman then fled.
You wouldn't immediately jump over the counter and scream, 'Liar,' to think that we would just not look into it is a bit naive.
Translations for over-the-counter
From our Multilingual Translation Dictionary
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"over-the-counter." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/over-the-counter>.
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