over-the-counter
See also: over the counter
English
Alternative forms
Etymology
Adjective
over-the-counter (not comparable)
- (pharmacy) Legal for sale or distribution without the requirement of a prescription (of medicine and other treatments); abbreviated as OTC.
- (finance) Involving 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.
- 1908, The Standard (volume 62, page 553)
- This is "commencement week" in "over-the-counter insurance" circles, the Whitman, Mass., savings bank having opened the ball with four applications made for $300 each by three prominent business men […]
- 1908, The Standard (volume 62, page 553)
Related terms
Translations
pharmacy: not requiring a prescription
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direct interaction between two parties without an intermediary
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