Meaning of the word otc in English
What does otc mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
otc
US /ˌoʊ.tiːˈsiː/
UK /ˌəʊ.tiːˈsiː/
Abbreviation
1.
over-the-counter (referring to medicines sold without a prescription)
Example:
•
You can buy many pain relievers OTC.
•
The pharmacist recommended an OTC cold medicine.
2.
over-the-counter (referring to financial transactions conducted directly between two parties, rather than through an exchange)
Example:
•
Many smaller stocks are traded OTC.
•
The company decided to issue bonds OTC to avoid exchange fees.