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

More terms

Quick ratio

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

NASDAQ

A US stock exchange specialising in the shares of technology companies.

Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

Dirty price

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

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Collective investment scheme

Learn what's a collective investment scheme

Custodian bank

Learn what a custodian bank is.

Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.

Securities

Bonds and stocks.

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Over-The-Counter (OTC)