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What is meant by OTC?

Answer Posted / leela

A security traded in some context other than on a formal
exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-
the-counter" can be used to refer to stocks that trade via
a dealer network as opposed to on a centralized exchange.
It also refers to debt securities and other financial
instruments such as derivatives, which are traded through a
dealer network.

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