What is the Definition of Over-The-Counter/Otc?

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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