OTCBB Glossary - E

A  B  C  D  E  F  H  I  L  M  O  P  S  T 

Eligible Security

A security for which one or more Market Makers has received clearance to quote the issue on the OTCBB in the last 30 days. Securities receive eligible status if they are cleared following the filing of a Form 211 (PDF 66 KB) or a 15c2-11 Exemption Form (PDF 42 KB). A frequency of quotation test (see also "Active  Security") is administered during the eligible period. Until the test is satisfied, any other Market Maker that wishes to quote the issue must also submit a completed Form 211.