Definition of counter
- jewelry counter
- a lunch counter
- stock bought over the counter
- drugs available over the counter
When they blamed him for the collapse of the bridge, he countered that his warnings about the bridge had been ignored.
“I could say the same thing about you,” she countered.
After she made her point, he could not counter with anything.
was unprepared for such a strong counter campaign by opponents of the legislative bill
damaging, deleterious, destructive, detrimental, fatal, harmful, hurtful, ill, injurious, lethal, malignant, murderous, noxious, pernicious, poisonous, ruinous, threatening, troublesome, unhealthy, wounding;
The primary reason a stock is traded "over the counter" is because the company may be too small to meet the formal exchange listing requirements. OTC stocks may be referred to as "unlisted stocks" because they are traded privately through broker-dealers over the phone and computer networks.
[InvestingAnswers Guide: The Lowdown on Penny Stocks]
Instead of being listed on the NYSE or another formal exchange, OTC stocks are usually listed in the Over the Counter Bulletin Board (OTCBB) and/or on pink sheets. OTC stocks can sometimes be purchased through an online broker.
Bonds are considered over the counter because they are not traded on a formal exchange. To trade a bond, an investor must call the investment bank that the bond is traded through and ask for rates to perform the over the counter exchange.
Over the counter securities are important because they offer investors alternatives to just investing in the listed companies on the NYSE and Nasdaq. It also gives investors an great opportunity to invest in stocks of small and/or overlooked companies that have plenty of growth potential.
Because most are not required to report to the SEC, many OTC stocks are either penny stocks or are offered by companies with bad credit records. But not all listed OTC traded companies have bad credit ratings; many companies simply don't want to participate in the expensive reporting process. Because they are less highly regulated, potential investors should do a lot of research before diving into this type of asset.
[InvestingAnswers Feature: 4 Penny Stock Myths Used to Target the Next Sucker]
: to do something in defense or in response to something
: to make (something) less effective or ineffective
: to say (something) in response to something that another person has said
: in a way that goes against or does not agree with something
: in a direction opposite to
: as a reaction against
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