What Does OTC Stand For?
OTC stands for Over The Counter
OTC, or Over The Counter, refers to the process of buying and selling financial instruments, such as stocks and bonds, directly between parties without a centralized exchange. In pharmaceuticals, OTC describes medications that can be purchased without a prescription, emphasizing their accessibility for consumers. The term signifies transactions that are conducted through a network of dealers and brokers, facilitating trade by providing a platform for liquidity and price discovery.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym