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over-the-counter stock (OTC)
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over-the-counter stock (OTC)


It was delisted and is now an over-the-counter stock.
  a stock that is not traded on a major exchange like the NYSE or NASDQ — instead the stock may be priced once per day or traded even less frequently
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Notes:
Generally, a stock is traded over-the-counter (OTC) because the company is small, making it unable to meet exchange listing requirements. There is a higher risk of stock manipulation in OTC stocks than in listed stocks.
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Samples:
  • It was delisted and is now an over-the-counter stock.
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Associated words [difficulty]:   over-the-counter stock (OTC) , Individual Retirement Account (IRA) [3] , bond [4] , financial commodities [5] , stock [7] , mutual fund [8] , hedge fund [9] , municipal bond [9]
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Most commonly used in these subjects:   Personal Finance, Business
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