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LSDefine

Simple English definitions for legal terms

over-the-counter

Read a random definition: extracta curiae

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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soyalmondoatmilk
10:22
cool i know mandarin
snow
10:22
thats cool! isnt that like one of the hardest languages to learn?
my native language is russian i also speak french
snow
10:22
i wish i could speak french
soyalmondoatmilk
10:23
ahaha my family speaks it so it wasn't that hard LOLL always spoke it at home
snow
10:23
thats me with spanish lol
CleverRightfulTomato
10:23
Is Reddit still down for you all?
babycat
10:23
@soyalmondoatmilk: 我也说普通话
soyalmondoatmilk
10:24
哈哈哈
soyalmondoatmilk
10:24
你是自学的吗?还是家里面说?
@CleverRightfulTomato: yur
babycat
10:25
我学中文在高中和大学,但是我需要练习哈哈哈
babycat
10:25
我不是中国人
windyMagician
10:26
yeah reddit is down for me
soyalmondoatmilk
10:26
that's so cool @babycat!!
duke please :(
starfishies
10:28
i learned mandarin in hs then my uni only offered it in traditional characters and i said f that and started a new language lol
soap
10:29
My HS didn't offer Mandarin. I've tried to get my best bud to teach me some, but he's only shared a few words and phrases of highly limited usage XD
soap
10:29
I would've taken a class here, but apparently most people in the classes already have a rudimentary understanding
starfishies
10:30
my uni wouldn't even accept the ap credit--if i knew i'd have just taken spanish like everyone else
WorthlessAttractiveZombie
10:30
I wish weddit would be back :(
starfishies
10:30
yeah starting mandarin in college for the first time is actually a bit ambitious cause u could hate it and just tank ur gpa
soyalmondoatmilk
10:30
for real^ i really admire the ppl who do though
soap
10:31
Here, it's like 6 credits. So, if you're bad at it, goodbye GPA!
starfishies
10:31
yeah same it was 5 in mine
starfishies
10:31
alternatively people would take spanish or french for a gpa boost haha
soap
10:32
I took German in high school, which was rather fun
soyalmondoatmilk
10:32
what's a relatively easy language to learn?
soap
10:33
German is quite similar to English; I believe English is a Germanic language
starfishies
10:33
if english is your starting language then any germanic language i assume
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