What is 'Over-The-Counter (OTC)'? Definition & meaning

More terms

Income statement

A summary of a company's income and expenses over a set period of time.

Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.

Accounting standards

The rules a company follows when preparing financial statements.

Depository

We look at what is a depository and what role they play in keeping markets work.

Zero-Sum Game

A situation in which one person's gain is another's loss.

Costs and Charges

The money you pay when investing.

Professional Client

An investor that is able to meet several regulatory criteria.

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Over-The-Counter (OTC)