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Definition of Over-the-counter
1. Adjective. Purchasable without a doctor's prescription. "An over-the-counter cold remedy"
Exact synonyms: Nonprescription
Category relationships: Medicament, Medication, Medicinal Drug, Medicine
Antonyms: Prescription
Category relationships: Medicament, Medication, Medicinal Drug, Medicine
Antonyms: Prescription
2. Adjective. (of securities) not traded on a stock exchange. "Over-the-counter stocks"
Definition of Over-the-counter
1. Adjective. (pharmacy) Legal for sale or distribution without the requirement of a prescription (of medicine and other treatments); abbreviated as OTC. ¹
2. Adjective. (finance) Direct interaction between two parties without an intermediary. Thus, any market where items such as stocks or currency are bought and sold at a distance, rather than on the exchange. ¹
¹ Source: wiktionary.com