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.
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) 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 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.
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.
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