Definition, Meaning & Synonyms
otc
abbreviation
/oʊ-ti-siː/
Definition
OTC stands for ‘over-the-counter’, referring to the process of buying and selling stocks, securities, or medications without a prescription.
Examples
- Patients can buy OTC pain relievers at any pharmacy.
- The company trades its stocks on the OTC market.
- OTC medicines are considered safe when used as directed.
Meaning
In finance, OTC refers to transactions that occur directly between two parties rather than through a centralized exchange. In medicine, OTC medications can be purchased without a doctor’s prescription.
Synonyms
- unprescribed
- direct sales
- non-prescription
