a securities market organized by dealers who may or may not be members of a stock exchange. Over-the-counter trading in securities is usually carried out by telephone and is associated mainly with the securities of companies that do not have enough shares, shareholders or income to list their shares on any exchange. V.r.c.b. is the main market for bonds of all kinds. Quotation of securities in this market is carried out not as a result of market factors, but by the company itself (self-quotation).
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