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LSDefine

Simple English definitions for legal terms

over-the-counter

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A quick definition of over-the-counter:

Over-the-counter means that something is not listed or traded on an organized securities exchange. Instead, it is traded directly between brokers and dealers who negotiate with each other. This term is often used to describe stocks that are not publicly traded on major stock exchanges.

A more thorough explanation:

Definition: Over-the-counter (OTC) refers to financial securities that are not listed or traded on an organized exchange. Instead, they are traded directly between brokers and dealers who negotiate the terms of the transaction.

Example: Over-the-counter stocks are a common example of OTC securities. These stocks are not listed on major exchanges like the New York Stock Exchange or NASDAQ, but are instead traded directly between buyers and sellers through a network of dealers and brokers.

Explanation: When a security is traded over-the-counter, it means that it is not subject to the same regulations and reporting requirements as securities that are listed on major exchanges. This can make OTC securities riskier for investors, as there is less transparency and oversight. However, OTC trading can also offer more flexibility and customization in terms of the terms of the transaction.

overt | over-the-counter market

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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