Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
OTC - Over The Counter
If you want to buy stocks and securities, you can mosey on over to an exchange like the NYSE or AMEX. But if you want to trade away from the exchange, you trade OTC, or over the counter. It's is usually done electronically through a dealer network.
Pssst... wanna buy some stocks?