Over the Counter

Bond Broker
A bond broker is a financial professional who specializes in buying and selling bonds on behalf of clients. They execute bond trades on the floor of exchanges or trade corporate, U.S. government, or municipal debt issues over the counter, often acting for large institutional accounts.
Listing
The act of placing real estate for sale with a broker or entering a security to be traded on a stock exchange.
Over The Counter (OTC)
Over The Counter (OTC) refers to the trading of financial instruments, including stocks and bonds or pharmaceuticals, that are not listed on formal exchanges. This can occur via a network of dealers or directly between parties.
Over-the-Counter (OTC)
Over-the-Counter (OTC) trading refers to financial securities that are traded through a dealer network rather than through formal exchanges such as the New York Stock Exchange (NYSE).
Penny Stock
Penny stocks are securities trading at a low price, generally less than $5 per share, and are issued by small companies with short or erratic revenue and earnings histories, often traded over-the-counter.
Publicly Traded Partnership (PTP)
A Publicly Traded Partnership (PTP) is a limited partnership with interests that are traded on public exchanges or over the counter. This type of partnership is also referred to as a Master Limited Partnership (MLP) and is subject to federal securities law registration requirements.
Third Market
The third market involves non-exchange-member broker-dealers and institutional investors trading exchange-listed securities over the counter (OTC).

Accounting Terms Lexicon

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