Over-the-counter (adjective)

  1. Denoting a security or commodity that is traded outside a stock exchange.
  2. 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:

  1. Over-the-counter drugs are available without a prescription.
  2. Over-the-counter stocks are traded outside of traditional stock exchanges.
  3. The company's over-the-counter drug sales have been increasing.
  4. Over-the-counter trading is less regulated than exchange trading.
  5. The over-the-counter market for foreign currencies is vast and decentralized.
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