over the counter
The term "over the counter" is used in both pharmacy and finance to describe direct transactions, either for medications or securities, without intermediary involvement.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
B1Pharmacy
(common)Describes medications available for purchase without a doctor's prescription.
Example
- You can buy pain relievers over the counter at any pharmacy.
- Over-the-counter allergy medicines are available without a prescription.
C1Finance
(technical)Refers to financial instruments traded directly between parties, not on a formal exchange.
Example
- Many small company stocks are traded over the counter.
- Over-the-counter derivatives can be customized to meet the needs of both parties.
Similar
Terms that have similar or relatively close meanings to "over the counter":