The counter (OTC)

 

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The counter (OTC)

A decentralized market (as opposed to an exchange market) where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. The NASDAQ market is an OTC market for US stocks. Antithesis of listed.



The counter (OTC)

Similar Matches

Receive floating counterparty

Receive floating counterparty

The transaction in an interest rate swap who receives payments based on the floating rate and makes payments based on the fixed rate.


Counterpart items

Counterpart items

In the balance of payments, counterpart items are analogous to unrequited transfers in the current account. They arise through the double-entry system in balance of payments accounting and refer to adjustments in reserves owing to monetization or demonetization of gold, allocation or cancellation of SDRs, and revaluation of the various components of total reserves.


Counter cheque

Counter cheque

A cheque withdrawal made over the counter, issued by the cashier.


Counterpurchase

Counterpurchase

Exchange of goods between two parties under two distinct contracts expressed in monetary terms.


Hit counter

Hit counter

A program or server-side script which counts the number of "hits" (visits) a Web page receives.


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