over-the-counter

/'ouvəðə'kauntə/
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over-the-counter

A customer buys an over-the-counter cold remedy at the pharmacy.

Definition
  1. Adjective:
    • Relating to medicines that can be sold legally without a doctor's prescription: Describes drugs or treatments that are considered safe and effective for use by the general public without direct medical supervision.
    • Relating to financial securities traded directly between two parties, not on a formal, centralized exchange: Describes stocks, bonds, or other financial instruments that are traded through a dealer network rather than on a major, organized stock exchange.
Usage Examples
  • Adjective (Medical):
    • Aspirin is a common over-the-counter pain reliever.
    • You can buy an over-the-counter remedy for your cough at the pharmacy.
  • Adjective (Financial):
    • The company's shares are traded over-the-counter, so they are not listed on the NASDAQ.
    • He invested in some over-the-counter stocks that are not available on the main exchange.
Advanced Usage
  • "over-the-counter market": the decentralized market for trading securities that are not listed on formal exchanges.
    • Many small companies begin trading on the over-the-counter market.
  • "over-the-counter transaction": a financial trade executed directly between two parties without exchange supervision.
    • The large block of shares was sold in an over-the-counter transaction.
Variants and Related Words
  • OTC (Abbreviation): The common abbreviation for "over-the-counter," used in both medical and financial contexts.
    • Ask your pharmacist about OTC options for allergy relief.
    • The stock is quoted on the OTC bulletin board.
Synonyms
  • Nonprescription (Medical): Available for purchase without a doctor's order.
  • Unlisted (Financial): Not listed on a formal stock exchange.
Antonyms
  • Prescription (Medical): Available only with a written order from a doctor.
  • Listed (Financial): Traded on a formal, centralized stock exchange.
Related Phrases
  • Over-the-counter trading: The act of buying and selling securities in the OTC market.
    • Over-the-counter trading can involve more risk due to less regulation.
  • Over-the-counter sale: The direct sale of a product, especially medicine, without the need for a prescription.
    • The law changed to allow the over-the-counter sale of that medication.
over-the-counter

A customer buys an over-the-counter cold remedy at the pharmacy.

Adjective
  1. (of securities) not traded on a stock exchange
    • over-the-counter stocks
  2. purchasable without a doctor's prescription
    • nonprescription drugs
    • an over-the-counter cold remedy

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