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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. 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.