over-the-counter bond
A bond traded directly between parties outside of a formal exchange. Used in financial contexts.
Over-the-counter bonds are bought and sold without going through an exchange.
Refers to over-the-counter stocks, while 店頭債券 specifically refers to bonds.
Exchange-listed bonds, as opposed to over-the-counter bonds.
Compound of 店頭 (over-the-counter) and 債券 (bond). The term is a direct description of bonds traded outside formal exchanges.