Unlisted Security
A security that is not traded on an exchange, usually because of an inability to meet listing requirements.
Investopedia Commentary
An unlisted security is also known as an "over-the-counter" (OTC) security. In the UK the term "unquoted" is used.
Related Links
The Lowdown On Penny Stocks
See also: NASD, Nasdaq, OTC Market, Over-The-Counter Bulletin Board (OTCBB), Penny Stock, Pink sheets, Unlisted Trading Privileges
Also spelled: un-listed
unlisted security