Over-The-Counter (OTC)

Business / Finance / Over-The-Counter (OTC): A decentralized market (as opposed to an exchange market) where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. The NASDAQ market is an OTC market for U.S. stocks. Antithesis of listed.

Over-The-Counter (OTC)

Business / Finance / Over-The-Counter (OTC): A decentralized market (as opposed to an exchange market) where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bo MORE

Derivative

Business / Taxes / Derivative: Derivatives are financial products, such as futures contracts, options, and mortgage-backed securities. Most of derivatives’ value is based on the value of an underlying security, commodity, or othe MORE

Ask

Business / Finance / Ask: This is the quoted ask, or the lowest price an investor will accept to sell a stock. Practically speaking, this is the quoted offer at which an investor can buy shares of stock; also called the offer MORE

Pink Sheets

Business / Finance / Pink Sheets: Refers to over-the-counter trading. Daily publication of the national quotation bureau that reports the bid and ask prices of thousands of OTC stocks, as well as the market makers who trade each stock MORE

Penny Stock

Business / Finance / Penny Stock: Used in the context of general equities. Stock that typically sells for less than $1 a share, although it may rise to as much as $10/share after the initial public offering, usually because of heavy p MORE

OTC Bulletin Board (OTCBB)

Business / Taxes / OTC Bulletin Board (OTCBB): During the trading day, the electronic OTC bulletin board (OTCBB) provides continuously updated real-time bid and ask prices, volume information, and last-sale prices. The OTC lists this information f MORE

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