Over-the-counter
(adjective)
- Denoting a security or commodity that is traded outside a stock exchange.
- Denoting medication that can be obtained without a prescription.
Origin:
Mid 19th century: from over-the-counter, denoting a transaction or purchase made across a counter.
Examples:
- Over-the-counter drugs are available without a prescription.
- Over-the-counter stocks are traded outside of traditional stock exchanges.
- The company's over-the-counter drug sales have been increasing.
- Over-the-counter trading is less regulated than exchange trading.
- The over-the-counter market for foreign currencies is vast and decentralized.