Unlisted Security
A security that is not traded on an exchange, usually because of an inability to meet listing requirements.
Investopedia Says:
An unlisted security is also known as an "over-the-counter" (OTC) security. In the UK the term "unquoted" is used.
Related Links:
Listed securities are 'the cream of the crop'. Find out how a firm can lose that status and why you should be wary. The Dirt On Delisting
Think you'll get rich off penny stocks someday? Without understanding the risks, you could end up penniless... The Lowdown On Penny Stocks



