unlisted security
over the counter security
OTC security

This will give accepting shareholders a market for their shares when they eventually decide to sell, which is an advantage over unlisted securities.

The German bank said it had made the payment to buy certain unlisted securities in three stock funds managed by Morgan Grenfell whose value has been questioned.

The unlisted securities of the Altamont Power Company had faded completely from the market.

Under the plan, the exchanges could begin selling the unlisted securities within nine months, S.E.C. officials said.

Once it is delisted, it could trade on the bulletin board, a market for unlisted securities; those prices are not so widely distributed.

Although they are often listed in London or Luxembourg, this is largely in order to comply with regulations which bar some institutional investors from holding unlisted securities.

Typically, that involves the hiring of an independent specialist in valuing unlisted securities.

Certainly the funds were not in violation of their charters by owning unlisted, restricted securities.

Special provisions also apply to advertisements for listed and unlisted securities.

Investors were concerned about what effect suspending the A.D.R.s' listing might have on foreign fund managers whose funds' charters prohibit them from holding unlisted securities.