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.]