What is the Definition of Over-The-Counter/Otc?
Security that is not listed or traded on an exchange such as the New York Stock Exchange. Business in over-the-counter securities is conducted through dealers using electronic networks.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Over-The-Counter/Otc?
You can find random definition and meaning of insurance terms below:
What is the meaning of Liability Investigation
The process of gathering information to determine the cause of an accident.
What is the meaning of Lien
A claim, charge, or encumbrance on property as a security for the payment of a debt.
What is the meaning of Lienholder
A person or organization with a financial interest in property up to the amount of money borrowed or still owed on the property.
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