unlisted securities market

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Over-the-Counter Market

Describing a security or trade that does not occur on an exchange. Very often, the OTC market includes securities that are very small and do not trade on an exchange because they do not meet market capitalization requirements. OTC securities may theoretically be traded informally (one may stand on a street corner and sell his/her stocks), but the term usually refers to securities traded through a dealer network.

unlisted securities market (USM)

a market for corporate STOCKS and SHARES that have not obtained a full STOCK MARKET listing. See ALTERNATIVE INVESTMENT MARKET.
References in periodicals archive ?
Canon EF 600mm f/4L IS II USM Lens for Wildlife and Photojournalism
The Canon EF 8-15mm f/4L Fisheye USM lens is expected to be available in late July for an estimated retail price of $1,399.
We look forward to joining the EMCOR team," stated Ivan Dubow, Chief Operating Officer of USM.
USM does not have any material maturities for the foreseeable future, and the company has par call options on its debt securities.
Consumer electronics manufacturers are already embracing the USM specification.
The 2010 refunding series C bonds, which rank on parity with outstanding auxiliary facility and tuition revenue bonds, are a limited obligation of USM payable from tuition revenues and net auxiliary facility fees.
Using hosted, online technology from Active Network, USM EVENTS will offer participants improved online access to register for events, pay fees, purchase merchandise and view up-to-date event information.
Auxiliary facility and tuition revenue bonds are a limited obligation of USM payable from tuition revenues and net auxiliary facility fees.
The Canon EF200mm f/2L IS USM is an exceptionally sharp lens that is significantly lighter (2520g/5.
TDS) and United States Cellular (USM) and removed TDS and USM from Rating Watch Negative.
The USM, the most advanced QAM modulator for the cable industry, allows video service providers to make a smooth migration to next-generation digital video architectures, such as video-on-demand (VOD), switched digital video, and modular cable modem termination systems (M-CMTS), enabling the delivery of personalized, addressable, on-demand video services.