over the counter

over-the-counter, adj.

1. Not listed or traded on an organized securities exchange; traded between brokers and dealers who negotiate directly (over-the-counter stocks). [Cases: Securities Regulation 35.13. C.J.S. Securities Regulation § 104.]

2. (Of drugs) sold legally without a doctor’s prescription (over-the-counter cough medicine). — Abbr. OTC. [Cases: Health 303, 305.]

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