unlisted security
Học thuậtThân thiện
Definition
Noun: A financial security that is not listed or traded on a formal, centralized stock exchange (such as the New York Stock Exchange or NASDAQ). Instead, it is traded directly between parties in the over-the-counter (OTC) market.
Usage
This term is used specifically in finance and investing to describe the status of a security. It indicates that the security does not meet the listing requirements of a major exchange or that the issuing company has chosen not to list it there. - The company issued unlisted securities to a small group of private investors. - Trading an unlisted security can be less liquid and more opaque than trading a listed stock.
Advanced Usage
- "to hold unlisted securities": To have such securities in an investment portfolio.
- The fund's portfolio includes a significant portion of unlisted securities from early-stage tech companies.
Variants and Related Words
- Unlisted company (n): A company whose shares are not listed on a stock exchange.
- It is harder to find public information about an unlisted company.
- OTC security (n): A direct synonym, as "over-the-counter" is the market for unlisted securities.
- Many bonds are traded as OTC securities.
Synonyms
- Over-the-counter security: A security traded directly between dealers.
- Private security: (In some contexts) can refer to securities not publicly traded, though this more often implies restrictions on transfer.
Related Phrases
- To trade over-the-counter: The action of buying or selling unlisted securities.
- The shares of that small bank trade over-the-counter.
Noun
- a security traded in the over-the-counter market