Business and Personal Finance Dictionary

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• BULLETIN BOARD
  
  An electronic quotation system for over-the-counter securities that are not part of the NASDAQ system. The term bulletin board usually refers to the OTC Bulletin Board, which is overseen by the NASD even though the OTC Bulletin Board is not part of the NASDAQ market. Market makers of bulletin board stocks interact with other manually, via phone or fax, rather than through a centralized exchange.
  
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