Over The Counter Check Meaning

Over the counter otc trades refer to securities transacted via a dealer network as opposed to on a centralized exchange such as the new york stock exchange nyse.

Over the counter check meaning. Noun an example of a counter check is what a bank customer would fill out when taking m. If you re planning to make a payment with one of these checks be aware that merchants don t always want to accept counter checks as payment even if the bank prints your personal information on the check counter checks usually don t have a check number which is a strong signal to merchants that the check is a counter check. These securities do not meet. It serves as a personal check but it is drafted to the client itself to extract money from his account.

The definition of a counter check is a check available to a bank customer to add their account number to make a withdrawal from their account. How to use over the counter in a sentence. Over the counter definition is not traded or effected on an organized securities exchange.