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LSDefine

Simple English definitions for legal terms

OTC MARKET

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A quick definition of OTC MARKET:

OTC Market: The OTC market stands for Over-The-Counter market. It is a place where people can buy and sell stocks, bonds, and other financial products without going through a formal exchange. It is like a marketplace where people can trade directly with each other. It is called over-the-counter because it is done through a network of dealers rather than on a centralized exchange.

A more thorough explanation:

The OTC market, also known as the over-the-counter market, is a decentralized market where financial instruments such as stocks, bonds, and currencies are traded directly between two parties without the involvement of a formal exchange.

For example, if a company wants to sell its shares to an investor, they can do so through the OTC market without having to go through a stock exchange like the New York Stock Exchange (NYSE) or NASDAQ. Similarly, if a business needs to borrow money, they can issue bonds directly to investors through the OTC market.

The OTC market is often used by smaller companies that do not meet the listing requirements of formal exchanges or by investors who want to trade securities that are not listed on major exchanges. However, because the OTC market is less regulated than formal exchanges, it can be riskier for investors.

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babycat
10:38
in singapore they have a kind of slang Chinese where if they don’t know a word they’ll pick a radical out of it that they do know and say that instead
babycat
10:38
it’s really funny. I forget the name they had for it
starfishies
10:39
my teachers would not cosign this hot take haha tones were super instilled in us
triplethread
10:39
lsac is broken for me rn
starfishies
10:39
we spoke in beijing dialect tho cause thats where they were from
babycat
10:39
I mean tones are important but Chinese people aren’t like the French where they’ll pretend they don’t understand what you’re saying if it’s not perfect
starfishies
10:40
oh yeah no way the opposite theyll pretend they understand you even when they have no clue wtf you said haha
babycat
10:41
I used to have a Chinese “pen pal” that I would do like wechat calls with in high school and she treated me like a pet. Like awww you’re so cute
soyalmondoatmilk
10:43
LOLL at my uni we have lang consultants who are native speakers and we have mandatory chats w them
soyalmondoatmilk
10:44
the ringtone of wechat is so distinct like iykyk
babycat
10:45
I keep getting whatsapp calls from random people in African countries
starfishies
10:45
does anyone know if W&Lee is one of those schools that doesn't update their portals
starfishies
10:45
beyond complete
soyalmondoatmilk
10:46
@starfishies: mine is in review i think they're going to have a wave tmrw my banner and substatus date disappeared last friday
starfishies
10:46
oh nice their turnaround kinda fast
WorthlessAttractiveZombie
10:47
@starfishies: my timeline went like this....complete...."In Review" with a date....paragraph at the top disappeared....then the date disappeared.....decision about a week after that
starfishies
10:47
lmao such a mysterious process tyty
soyalmondoatmilk
10:48
@WorthlessAttractiveZombie: did your address go long?
starfishies
10:48
i have too many apps to notice when things disappear
WorthlessAttractiveZombie
10:48
@soyalmondoatmilk: I have no clue, I put in all my addresses long in the first place
10:48
We like W&L right? Reddit opinions were all over the place
WorthlessAttractiveZombie
10:49
W&L is pretty decent. The location is out in BFE, but they have decent placements and give a good scholarship
starfishies
10:49
im also hesitant based on those posts
soap
10:50
Aside from it being rurally located, I don't really see the problems
WorthlessAttractiveZombie
10:51
Their bar pass rate is alright as well (not the best, but not the worst). The employment rate is also decently high...while biglaw is certainly achievable, it will be a challenge (top 1/4 of your class, most likely)
soyalmondoatmilk
10:52
oops nvm someone on reddit got into W&L this morning, i missed the wave ig :((
triplethread
10:54
is reddit back up
not for me
YLS needs to stop sending promotional emails
CleverRightfulTomato
11:01
Right @impartiallion
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