Over-the-counter refers to something that is not listed or traded on an organized securities exchange. Instead, it involves direct trading between brokers and dealers who negotiate with one another. This term is commonly used to describe stocks that are not publicly traded on major stock exchanges.
Over-the-counter (OTC) securities are financial securities that are not traded on organized exchanges but are instead directly traded between brokers and dealers who negotiate the transaction terms. For instance, over-the-counter stocks are not listed on major exchanges like the New York Stock Exchange or NASDAQ, but are traded between buyers and sellers through a network of brokers and dealers. This type of trading exempts OTC securities from the same regulations and reporting requirements as securities listed on major exchanges, making them riskier for investors due to less transparency and oversight. However, OTC trading provides more flexibility and customization in terms of transaction terms.
Yes, over-the-counter medication can be purchased without a prescription from a doctor.
Some over-the-counter medications may have age restrictions, so it’s important to read the label or ask a pharmacist for guidance.
Most stores have a policy that prohibits the return of over-the-counter medication once it has been purchased and opened.
It’s important to consult with a healthcare professional before taking any medication while pregnant or breastfeeding, including over-the-counter options.
There may be legal restrictions on the sale of certain over-the-counter medications, such as age requirements or quantity limits.
Different countries have different regulations regarding over-the-counter medication, so it’s important to research and comply with the laws of the destination country.
It’s important to be cautious when giving someone else over-the-counter medication, as there could be legal implications if the person has an adverse reaction.
Yes, over-the-counter medication can interact with prescription medication, so it’s important to consult with a healthcare professional before combining the two.
In some cases, it may be possible to file a lawsuit against a company if their over-the-counter medication caused harm, but it would depend on the specific circumstances and evidence.
In most jurisdictions, it is illegal to sell over-the-counter medication without the proper licensing and permits.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/over-the-counter/
- Modern Language Association (MLA):Over-The-Counter. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/over-the-counter/.
- Chicago Manual of Style (CMS):Over-The-Counter. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/over-the-counter/ (accessed: May 09 2024).
- American Psychological Association (APA):Over-The-Counter. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/over-the-counter/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts