over-the-counter

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

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This entry was last updated on RefTopia from its source on 3/20/2012.