Definition of OTC Bulletin Board (OTCBB)

electronic listing of bid and asked quotations of over-the-counter stocks not meeting the minimum-net worth and other requirements of the NASDAQ stock-listing system. The new system, which was developed by the National Association of Securities Dealers (NASD) and approved by the Securities and Exchange Commission in 1990, provides continuously updated data on domestic stocks and twice-daily updates on foreign stocks. It was designed to facilitate trading and provide greater surveillance of stocks traditionally reported on once daily in the Pink Sheets published by national quotation bureau.