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TeachMeFinance.com - explain Over the Counter Over-the-counter -- Figurative term for the means of trading securities that are not listed on an organized stock exchange such as the New York Stock Exchange. Over-the-counter trading is done by broker-dealers who communicate by telephone and computer networks. another definition... over the counter -- the buying and selling of securities that are not listed on an organized exchange. Trading is handled by dealers through negotiation rather than through the use of a stock exchange's auction system. another definition... Over the Counter -- Securities trading which takes place outside the normal Security Exchanges. historic definition... Over the counter -- Said of business done in an office instead of at an exchange. In transactions in (foreign) exchange the over-the-counter or counter rate is the rate which the dealer in exchange pays for a bill. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.