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Simple English definitions for legal terms

over-the-counter market

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A quick definition of over-the-counter market:

An over-the-counter market is a place where people buy and sell things like stocks and bonds that are not traded on a big organized exchange. Instead, they usually talk on the phone or use computers to make deals. Some of the most popular stocks in this market are listed on a website called NASDAQ. We use the abbreviation OTC market to talk about this type of trading.

A more thorough explanation:

The over-the-counter market is a type of market where securities, such as stocks, bonds, and derivatives, are traded directly between buyers and sellers without being listed on an organized exchange. This means that the trading of these securities usually happens through telephone or computer negotiations.

One example of an over-the-counter market is the NASDAQ, which lists many of the more actively traded OTC stocks. These stocks are not traded on a traditional exchange like the New York Stock Exchange (NYSE), but rather through the NASDAQ's electronic trading system.

Another example of an over-the-counter market is the foreign exchange market, where currencies are traded between banks, financial institutions, and individual investors without being listed on a centralized exchange.

Overall, the over-the-counter market provides a way for buyers and sellers to trade securities that may not meet the requirements for listing on a traditional exchange, or for securities that are not actively traded enough to be listed on an exchange.

over-the-counter | overtime

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@texaslawhopefully: aw im sorry to hear tht. i also rsn out of messages AGAIN AND I JUST GOT HERE...im asking cuz i cant find something on the app tht i thought maybe one of yall knew.
@ImpartialLion: yeah, that does sound good. I'm sure will get a II soon
mine was very generic and we have similar numbers
babycat
16:02
I like that Chicago specifically says don't recite shit from our website
I'm hoping so. I feel like my PS might've been too personal or too whiney. I feel like it either hits or totally whiffs depending on who reads it
UVA loved it, but HLS and Chicago don't seem to love it as much
hey UVA hates me, so the process is fairly random
babycat
16:04
end of cycle everyone posts their PS
It's so random.
babycat
16:04
it's like flashing
@babycat: FRRR
Create a google folder and throw that shit in
I will probably add a link to all my materials end of cycle
I never thought about it but I think I will too
16:05
GULC would be about 5:30 right
JumpySubsequentDolphin
16:08
if washu admissions emails me one more time i might delete my lsac account
Dkk
16:08
Lol, the Cornell waitlist wave. Get fucked.
Dkk
16:08
That fucking sucks.
snow
16:08
lowkey im going to be optimistic. i just saw that some people applied early sept. and got II for schools in January
@JumpySubsequentDolphin: I've been tempted to put them in spam
snow
16:08
lmaooo dk
dk praying on all our downfall
Dkk
16:09
I hope you guys tell me to eat a dick when I get my R's and WL's.
praying for your success inshallah
Dkk
16:10
I want it to be brutal.
Dkk
16:10
Noooooo
JumpySubsequentDolphin
16:10
@texaslawhopefully: THEY SEND THEM TO YOU EVEN AFTER YOU GOT ACCEPTED???
I've been getting them literally every other day for months now
JumpySubsequentDolphin
16:11
that’s absurd
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