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Meaning of over-the-counter

Source language: EnglishDictionary language: English

over-the-counter

adjective

Definitions

  1. Legal for sale or distribution without the requirement of a prescription (of medicine and other treatments); abbreviated as OTC.

  2. Involving direct interaction between two parties without an intermediary. Thus, any market where items such as stocks or currency are bought and sold at a distance, rather than on the exchange.