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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 MatchesCounter tradeCounter tradeThe exchange of goods for other goods rather than for cash; barter. CounterpartyCounterpartyParty on the other side of a trade or transaction. Receive fixed counterpartyReceive fixed counterpartyThe transactor in an interest rate swap who receives payments based on the fixed rate and makes payments based on the floating rate. Countercyclical stocksCountercyclical stocksStocks whose price tends to rise when the economy is in recession or the market is bearish, and vice versa. Over the Counter OptionOver the Counter OptionAn option traded off-exchange, as opposed to a listed stock option. The OTC option has a direct link between buyer and seller, has no secondary market, and has no standardization of striking prices and expiration dates. See also Secondary Market. Further SuggestionsReceive floating counterpartyover the counter Counterpart items Counterpurchase Hit counter Countertrade Counterparty risk Counterparties Counter cheque Countervailing duty |
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