over-the-counter definition

  • adjective:
    • perhaps not listed or available on an officially acknowledged stock exchange but exchanged in direct negotiation between purchasers and sellers: over-the-counter shares.
    • That can be offered legitimately without a doctor's prescription: over-the-counter drugs.
    • Legal on the market or distribution minus the requirement of a prescription (of medicine along with other remedies); abbreviated as OTC.
    • Direct conversation between two parties without an intermediary. Therefore, any market where products particularly stocks or currency are bought and offered at a distance, in place of regarding the change.
    • able to be sold legitimately without a doctor's prescription; -- of medicinal medications. Compared with prescription.
    • not quoted on a stock exchange; sold just through private negotiations between purchaser and seller; -- of securities.
    • (of securities) perhaps not exchanged on a stock exchange
    • purchasable without a health care provider's prescription
  • noun:
    • without a prescription; requiring no prescription; -- stated of medications that may be legitimately bought without your physician's prescription.

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