| 单词 | over-the-counter | ||||||
| 释义 | over-the-countero·ver-the-count·er(ō′vər-thə-koun′tər)over-the-countero′ver-the-count′eradj.
over-the-counterover-the-counter,method of buying and selling securities outside the organized stock exchange. Unlike an organized stock exchangestock exchange,organized market for the trading of stocks and bonds (see bond; stock). Such markets were originally open to all, but at present only members of the owning association may buy and sell directly. ..... Click the link for more information. , the over-the-counter market is composed of dealers who negotiate most transactions by telephone and computer. For the most part, dealers purchase stocks for their own account and sell them to customers at a markup over wholesale prices. Over-the-counter trading represents the single largest securities market in the United States today; it includes almost all U.S. government securities and municipal and corporate bonds, as well as most commercial bank and insurance company stocks. Today, most over-the-counter dealing in the United States is done through an extensive computer network, called the National Association of Securities Dealers Automated Quotations (NASDAQ). In recent years, a number of companies that would be eligible for listing on the New York Stock Exchange have opted to remain in the over-the-counter market. In 1998, NASDAQ trading totalled $5.8 trillion, making it the second largest securities market in the world. over-the-counterover-the-counter(ō′vər-thə-koun′tər)over-the-counteradjective Referring to a medical drug or device that can be purchased by a consumer without a doctor’s prescription.Over-the-counterOver-the-counter (OTC)Over-the-Counter MarketOver-the-counter (OTC).Securities that trade over-the-counter (OTC) are not listed on an organized stock exchange, such as the New York Stock Exchange (NYSE) or the Nasdaq Stock Market. Common stocks, corporate, government, and municipal bonds (munis), money market instruments, and other products, such as forward contracts and certain options, may trade OTC. Generally speaking, the OTC market is a negotiated market conducted between brokers and dealers using telephone and computer networks. over-the-counter
Synonyms for over-the-counter
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