What is another word for unlisted security?
Pronunciation: [ʌnlˈɪstɪd sɪkjˈʊ͡əɹɪti] (IPA) 
An unlisted security is a type of financial instrument or asset that is not officially traded on any stock exchange. There are several synonyms for this term, including over-the-counter (OTC) securities, privately held securities, and off-exchange securities. OTC securities are traded through a decentralized network of dealers rather than through a centralized exchange. Privately held securities are issued by companies that are not publicly traded and are typically only available to accredited investors. Off-exchange securities are sold directly between two parties without the involvement of a centralized exchange. While unlisted securities may offer unique investment opportunities, they are often considered more risky than publicly traded securities due to their lack of liquidity and transparency.
