Over The Counter Security (Noun)
Meaning
A security traded in the over-the-counter market.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's stock was delisted from the major exchange and now trades as an over-the-counter security.
- The investor purchased an over-the-counter security that was not listed on any major exchange.
- Over-the-counter securities are often riskier and less liquid than those traded on major exchanges.
- The brokerage firm specialized in trading over-the-counter securities for its clients.
- The investor was warned about the potential risks of investing in an over-the-counter security with limited market data.