Unlisted security refers to a financial instrument, such as a stock or bond, that is not traded on a public exchange. Unlike listed securities, which are available for trading on stock exchanges like the New York Stock Exchange or NASDAQ, unlisted securities are typically bought and sold through private transactions or over-the-counter (OTC) markets.

Unlisted securities are often issued by smaller companies or organizations that do not meet the listing requirements of major stock exchanges. These securities may still be subject to regulatory oversight and compliance, but they lack the visibility and liquidity associated with listed securities.

Investing in unlisted securities can carry higher risks compared to investing in listed securities. Due to the limited market for trading unlisted securities, it may be challenging to find buyers or sellers, which can impact the ease of buying or selling these securities. Additionally, the lack of transparency and public disclosure requirements may make it more difficult for investors to assess the true value and financial health of the issuer.

Investors interested in unlisted securities should conduct thorough due diligence, assess the issuer's financials and prospects, and consider the potential illiquidity and risks associated with investing in these types of securities.

An unlisted security refers to a financial instrument, such as stocks or bonds, that is not traded on a public exchange. Unlike listed securities, which are traded on stock exchanges like the New York Stock Exchange (NYSE) or NASDAQ, unlisted securities are not subject to the same regulatory and reporting requirements. These securities are often traded over-the-counter (OTC) through dealer networks, and their prices are negotiated directly between buyers and sellers. Investing in unlisted securities can carry higher risks due to lower liquidity and less transparency compared to their listed counterparts, making thorough research and due diligence crucial for investors.