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OTC means Over the Counter, which is a test that you can buy at the store and do not need a prescription for. Many medication are called OTC which means you can just go by them without a doctor's prescription. Or it could also be an OTC stock trade.
What is an over-the-counter market? The OTC is a market where financial instruments such as currencies, stocks and commodities are traded directly between two parties. OTC trading has no physical location â trading is done electronically. It does not take place, however, on the stock exchanges, e.g. at the LSE, Euronext, NYSE. Instead, trading is usually carried out through a dealer network.