Definitions for over-the-counter
Random House Webster's College Dictionary
not listed on or transacted through an organized securities exchange:
sold legally without a prescription:
Origin of over-the-counter:
purchasable without a doctor's prescription
"nonprescription drugs"; "an over-the-counter cold remedy"
(of securities) not traded on a stock exchange
Kernerman English Learner's Dictionary
(of medication) that can be bought without a prescription from a doctor
over-the-counter cough medicine
Legal for sale or distribution without the requirement of a prescription (of medicine and other treatments); abbreviated as OTC.
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.
Origin: over + the + counter
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